Foundry, Wheelock Close Sale To Develop Festival Logistics Park In Pompano
The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
Completed in 2023, Osprey Logistics Park consists of two state-of-the-art industrial buildings featuring 36-foot clear heights, 180-foot truck courts, 235-foot building depths and 54-foot column spacing.
The development team plans to transform the site into a modern, Class-A industrial campus featuring two warehouse buildings totaling approximately 182,000 square feet.
The buyers plan to redevelop the site into a modern industrial campus comprising two Class-A warehouse buildings totaling approximately 182,000 square feet.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
Ted Elam, Principal at Foundry Commercial, will serve as president for the distinguished real estate organization, known for its comprehensive industrial, office, and real estate finance reports.
Both projects total a combined 832,000 square feet.
Colliers’ Michael Falk and Jonathan Temple represented the tenant in the lease transaction. Cushman & Wakefield’s Matthew McAllister and Eric Cantor represented the landlord.
The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
Foundry originally acquired the site for $8.75 million in 2022
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