CBRE Facilitates Sale Of Industrial Flex Building In Riviera Beach
The facility was 100% leased to 12 tenants that are critical to the local economy and service the immediate area.
The facility was 100% leased to 12 tenants that are critical to the local economy and service the immediate area.
The new development is slated to become one of the first infill logistics projects located along US 441.
The portfolio is strategically located across key industrial hubs, totaling 40,606 square feet of RBA and sitting on 6.3 acres.
This partnership will allow Bridge and CPP Investments to target high-quality industrial properties in key markets, as retailers compete for faster shipping times despite increasingly limited space for new warehouse construction.
In this role, the two executive leaders will work closely with the Altman Logistics Properties leadership team to provide advisory services focused on organizational growth, corporate strategy and real estate technology and innovation in support of the company’s business development and growth.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
Both projects total a combined 832,000 square feet.
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
The buyer is a JV whose principal firms include East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
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