Link Logistics Acquires Pompano Beach Industrial Portfolio For $163.1 Million
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
Completed in 2024, the project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
The deal includes three warehouses totaling approximately 458,000 square feet.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
The San Francisco-based real estate investment trust scooped up the one-story building at 9700 Northwest 112th Avenue in an unincorporated area of Miami-Dade County from TracFone Wireless.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
The hotels sit on neighboring parcels along Interstate 95 within Dania Pointe.
The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Challenge Warehousing, Inc. in the transaction. Tom O’Loughlin and Larry Genet with CBRE represented the Landlord, Link Logistics.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
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