Palm Beach County Property Heads Toward Bankruptcy Sale After $43M Foreclosure Judgment
The site has long attracted developer interest because of its scale, location and proximity to transit.
The site has long attracted developer interest because of its scale, location and proximity to transit.
The fund focuses on last-mile, multi-tenant logistics properties throughout the U.S.
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The sale ranks among the largest industrial transactions on record in Martin County, signaling significant market expansion and growing interest from both institutional and private investors.
The full project is planned for 1.5 million square feet of industrial space on an 87-acre site.
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The 2.77-acre site currently includes about 18,740 square feet of aging industrial space.
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 totals 11,240 square feet and includes five bays with grade-level loading.
Read on for the most popular news headlines this past week on CRE-sources.
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