IDI Unloads Industrial Park For $101 Million

Rock Lake Business Park, located near Pompano Beach, with two warehouses currently in operation and two more under proposal, was sold by IDI Logistics for $101.15 million.

IDIL Rock Lake A, B, C and D, affiliates of Atlanta-based IDI Logistics, sold 31.8 acres at 3100, 3150, 3200 and 3250 N.W. 33rd Street in four deeds to 3150 NW 33rd Street LP, care of New York-based Tishman Speyer.

The deals included two completed buildings: a 121,994-square-foot warehouse located at 3250 N.W. 33rd Street and a 146,491-square-foot warehouse located at 3150 N.W. 33rd Street. Their portions of the purchase price were $21.3 million and $36.8 million, respectively.

The other two sites were proposed for industrial buildings totaling 150,955 square feet and 88,286 square feet.

 

Source:  SFBJ