Cushman & Wakefield has negotiated the 14.3 million sale of Weston Commerce Park, a 134,400-square-foot warehouse and distribution building in Broward County.
The Capital Markets brokerage team of Executive Director Mike Davis, Senior Director Rick Brugge and Senior Director Michael Lerner, in conjunction with Executive Director Christopher Metzger of Cushman & Wakefield’s South Florida Industrial brokerage group, represented Minnesota-based Founders Properties in the disposition. The asset was acquired by Mississippi-based EastGroup Properties.
Weston Commerce Park is a Class A, state-of-the-art rear-load building featuring 30-foot clear heights, an Early Suppression Fast Response (ESFR) fire safety system, T5 lighting, 40-foot by 40-foot column spacing and a 118-foot truck court.
Weston Commerce Park was developed on an eight-acre parcel at 1951 North Commerce Parkway in western Broward County and within close proximity to Interstate 75, Interstate 575 and the Sawgrass Expressway.
“Weston Commerce Park represented an exceptional opportunity to acquire a Class A distribution facility in South Florida, one of most desirable industrial investment markets in the U.S.” said Davis. “Western Broward County, in particular, offers investors tremendous upside as a supply constrained submarket with rapidly improving fundamentals.”
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