Cushman & Wakefield Represents Mindful Capital In $34M Sale Of Broward County Industrial Park
The seven-building park totals 144,874 square feet.
The seven-building park totals 144,874 square feet.
The portfolio includes 11 buildings of single-story, highly functional small-bay industrial with 150 grade-level loading doors. The portfolio, which was completely renovated in 2023, is 98% leased to a diverse array of 62 tenants.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Rick Brugge, Rick Colon and Mike Ciadella represented the seller in the transaction.
The industrial portfolio includes two single-tenant buildings totaling 98,201 square feet and the self-storage building totals 85,394 square feet.
The portfolio totals more than 221,000 square feet.
Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, and Greg Miller of Cushman & Wakefield represented the seller, Midtown Group, in the transaction. The building was acquired by NorthBridge. Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
The building is leased to a mix of 25 office and retail tenants.
The buyer is a JV whose principal firms include East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
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