In addition to ample square footage, the project will feature 32’ clear height, 16 loading docks, two ramps, a 120’ truck court and surface parking. The Butters organization will serve as the exclusive leasing agent.
Summit Realty acquired the vacant land for $20 million in 2023.
Foundry originally acquired the site for $8.75 million in 2022
The brokers will split time between the firm’s Miami and Deerfield Beach offices.
The industrial project is approved for eight buildings. Phase I of Race Track Logistics will comprise 620,738 square feet across four buildings with an expected completion date by September 2025.
The firm’s Adam Docktor is overseeing leasing at the business park.
The warehouses total 102,038 square feet.
As a boutique firm, Movement CRE stands out by delivering highly personalized, data-driven commercial real estate services that meets the evolving office, industrial, and retail needs for both occupiers and property owners across South Florida.
In addition to leasing and marketing the project on behalf of the landlord, Berger Commercial Realty facilitated the sale of the land to Bridge Industrial for development in 2019.
The deals total $12.5 million.