Cushman & Wakefield Represents Elion Partners In $55.4M Sale Of Two-Building Broward Industrial Portfolio

Cushman & Wakefield’s Industrial Advisory Group represented Elion Partners in its $55.4 million sale of The Broward Collection, a two-building industrial portfolio with assets in Deerfield Beach and Pompano Beach.

Cushman & Wakefield’s Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon and Greg Miller along with the firm’s industrial leasing team of Matthew McAllister and Christopher Thomson, represented Elion Partners in the transaction with Exeter.

The portfolio includes 1111 SW 30^th Ave. in Deerfield Beach, a 158,000-square-foot distribution center that is fully leased to a single tenant for eCommerce last-mile delivery. Additionally, the Pompano Beach property, located at 1121-1141 Northwest 31^st Ave. in The Broward Turnpike Center, totals 63,045 square feet and is fully leased to two tenants.

“The Broward Collection drew intense interest from the institutional investor community,” said Montazemi, Cushman & Wakefield Executive Managing Director. “The prospect of acquiring two infill properties in South Florida’s premier industrial submarkets, with a value-add component to elevate rents to market rates, presents a truly compelling opportunity.”