Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel of Berger Commercial Realty played a pivotal role in negotiating and executing this transaction for Prologis.
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Hillsboro Technology Center is a co-development between Bristol Group and Butters Realty & Management and is situated on 75 acres at the northeast quadrant of Interstate 95 and Hillsboro Boulevard in Deerfield Beach.
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This milestone marks the continuation of Phase IV, a 121-acre site within Countyline Corporate Park that can accommodate up to 2.2 MSF at full build out.
The acquisitions come after Redfearn Capital’s acquisition in March 2023 of a 138,200-square-foot property situated on 10.8 acres located at 201 Busch Drive, within Imeson Industrial Park in Jacksonville, and an industrial outdoor storage (IOS) facility located at 1595 SW 4th Ave in Delray Beach.
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Jeffrey Cebula, Senior Associate of the firm’s Tenant Representation Division, finalized the lease transaction on behalf of the tenant.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
Here are the most popular news headlines this past week on CRE-sources.