Berger Commercial Realty Completes Key 11,000 SF Lease Deal At Broward Industrial Property
The lease brings Powerline Commerce Center to full occupancy, underscoring continued demand for well-located industrial space in Broward County.
The lease brings Powerline Commerce Center to full occupancy, underscoring continued demand for well-located industrial space in Broward County.
The fund focuses on last-mile, multi-tenant logistics properties throughout the U.S.
The full project is planned for 1.5 million square feet of industrial space on an 87-acre site.
Situated on Dixie Highway in Pompano Beach, Airpark Commerce Center comprises two buildings spanning 1.5 acres. The facility features an average suite size of under 2,000 square feet, making it an attractive option for small tenants.
The property is situated on a 0.26-acre site and includes outside storage.
The warehouses sit on 14.7 acres near a Publix distribution facility
The leasing activity was brokered on the tenant side by JLL. Ryan Goggins and Peter “PJ” Apol represented Sunbeam Properties & Development.
According to property records, Kurv Industrial acquired the portfolio for $219.7 million, marking South Florida’s largest industrial deal this year.
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
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