The Sunrise deal adds to a series of major industrial transactions completed across Broward County so far in 2026. By late June, industrial sales volume in the county had surpassed $1 billion, reflecting continued investor demand for logistics and warehouse assets throughout the region.
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
The 103,000-square-foot warehouse project is a joint venture between Orlando-based Cadence Development Partners and New York-based Clarion Partners.
The process for securing the ground lease for the development began in 2008. CLICK ON THE HEADLINE FOR MORE
Americas Commercial Real Estate is leasing the warehouse. CLICK ON THE HEADLINE FOR MORE
Hermen Rodriguez, Ike Ojala and Jorge Portela of HFF represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
CBRE represented the owner, Clarion Partners, in the lease. CLICK ON THE HEADLINE FOR MORE
Growing demand for Broward industrial product is prompting a renewal trend. CLICK ON THE HEADLINE FOR MORE
The company is slated to complete three new developments in Miami, Tampa and Orlando. Leasing is underway for each. CLICK ON THE HEADLINE FOR MORE
The new project boasts 400,000 square feet of industrial dock-high development with one mile of direct Florida Turnpike frontage. CLICK ON THE HEADLINE FOR MORE
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