The 5.2 billion dollar transaction, completed November 2, includes net debt and preferred equity and encompasses 107 industrial properties totaling approximately 52 million square feet across the Sunbelt and Midwest.
In her new role, Nancy Palazzo, CPM® will support Berger Commercial Realty’s property management operations, drawing on her experience in portfolio oversight, financial management, tenant relations and operational strategy to enhance service delivery and maximize long-term asset performance for property owners.
The property, located at 2348-2360 N. Military Trail, spans 43,125 square feet on a 4.2-acre lot.
The transactions include medical office, retail, industrial, multifamily and mixed-use properties across South Florida and Texas.
The asset totals 102,503 square feet on 6.19 acres and was built specifically as a headquarters and distribution facility.
The portfolio, purchased for $12,380,000, consists of approximately 77,450 square feet of industrial warehouse and industrial outdoor storage (IOS) facilities situated on more than 10.5 acres.
Most recently, he served as Senior Vice President within CBRE’s Occupier Services Group. Earlier in his career, he spent nearly a decade at JLL, where he helped lease more than three million square feet of Class A office space.
Rios brings extensive development experience and local market knowledge to the role, supporting Kurv’s continued growth across South Florida.
He brings more than 15 years of experience advising occupiers, investors, and property owners across the industrial, office, and retail sectors, with expertise spanning tenant representation, site selection, and investment sales.
The 0.47-acre property is in the heart of downtown Delray Beach and is among the few remaining infill industrial buildings in the city’s central business district.