The Easton Group Bolsters Industrial Portfolio With $16.9 Million Off-Market Warehouse Acquisition
The acquisition marks The Easton Group’s second acquisition within the Gratigny submarket.
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The acquisition marks The Easton Group’s second acquisition within the Gratigny submarket.
The luxury fitness club will make its debut in Fort Lauderdale with a 35,000 square-foot facility.
Cushman & Wakefield’s Beau Ladwig and Donna Korn represented Workman Injury Law in the transaction.
This transaction is one of the highest sales to date for a small-bay industrial investment property in the Lake Worth market.
In total, the Florida-based team, led by Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, executed 35 deals across the country, including 12 acquisition loans, two equity raises, one construction loan, three land loans, and 17 strategic refinances.
Completed in 2023, Osprey Logistics Park consists of two state-of-the-art industrial buildings featuring 36-foot clear heights, 180-foot truck courts, 235-foot building depths and 54-foot column spacing.
Native is on pace to surpass $1 billion in overall transactional volume during the third quarter of 2025.
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income growth over the next decade,” said Douglas Mandel, IPA executive managing director investments.
The properties are currently 90% occupied with short-term leases and rents that lag the market by 60%–80%.
The acquisition marks Olympus’ first asset in Miami and reflects the firm’s expansion into one of South Florida’s leading employment districts.
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