Cushman & Wakefield Arranges Sale, Financing Of West Palm Beach Industrial Property
The final sale price was $22 million, equating to $155 per square foot.
The final sale price was $22 million, equating to $155 per square foot.
This marks the fourth time winning this prestigious honor from NAIOP’s South Florida Chapter in the past six years.
JLL Executive Managing Director Sky Groden, Vice President Evan Christiansen, and Vice President Jeremy Cain, will be leading leasing efforts on behalf of the building owner.
An industrial real estate veteran with 30 years of experience was tapped to lead the new venture.
“These highly regarded industry professionals bring decades of experience and local market knowledge that will prove to be invaluable as we continue to grow our regional portfolio of state-of-the-art industrial real estate assets in order to meet ever growing market demand.”
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.
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