The portfolio sold for $49 million.
Known as South Florida Logistics Center 95, the park is expected to lure tenants from nearby Palm Beach and Broward counties due to competitive rent rates, a cheaper cost of living for workers and a world-class logistics and transportation network that places users within three hours of 70% of the state’s population.
Easton has submitted plans with the city to build a logistics-oriented facility.
Robert Listokin with Colliers International South Florida represented the seller in the transaction.
The lease and sale transactions total over 80,920 square feet.
This is the company’s first entry into the US marketplace.
The Florida native brings nearly a decade of experience to Bridge, along with a knack for sourcing off-market transactions.
The new, two-building logistics facility totals 317,499 square feet.
The new division will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
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