CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
Read on for the most popular news headlines this past week on CRE-sources.
The purchase price works out to roughly $308 per square foot.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
Acquired at 55% replacement cost, the Broward Logistics Portfolio is currently 83% leased to nine tenants.
CBRE’s Robert Smith and Kirk Nelson represented the buyer, SL Acquisitions LLC, a Silverman Group Company, in the transaction and will handle leasing efforts under the new ownership.
The property was 100% occupied at the time of the sale.
The portfolio totals nearly 300,000 square feet and is over 90% occupied.
A county-owned site in northwest Miami-Dade could be transformed into a large-scale development combining warehouse space, affordable housing, retail, restaurants and recreational amenities.
The lease brings Powerline Commerce Center to full occupancy, underscoring continued demand for well-located industrial space in Broward County.
The company, which distributes engine components and supports aviation supply chains, is relocating from Pompano Beach.
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