CBRE’s O’Loughlin, Genet and Oretsky Bring Prologis’ South Broward Portfolio To 100% Occupied
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
Easton has submitted plans with the city to build a logistics-oriented facility.
Roger Zuniga and Stephen DiGiacomo represented AllPlus Computer Systems in the transactions.
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The tenant, a major wholesaler and distributor of Asian food products, will be relocating and expanding from its current location at 1728 Park Central Blvd S. in Pompano Beach, where it currently occupies 32,954 square feet.
Beck and Byrnes represented the seller, Benson Properties Inc., in the transaction. No outside brokers were involved in the deal.
The property consists of two recently developed rear-load 32-foot clear industrial distribution buildings containing approximately 402,000 square feet on 19.0 acres.
CBRE’s Christian Lee, Chris Riley, José Lobón, Amy Julian, and Royce Rose represented Butters in the transaction.
“Modern, last-mile logistics centers like Bridge Point Commerce Center continue to outperform the market,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “We are pleased to have been able to take advantage of historically low interest rates and lock into an extremely attractive fixed rate.”
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