This sale continues to showcase the strong demand for multifamily properties in the Fort Lauderdale area, particularly those with long-term tenants, which this property features.
The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.
The retail property, located at 1815 Cordova Road in Fort Lauderdale, totals 230,000 square feet.
Led by CEO Greg George and former Albertsons CEO Chairman Larry Johnston, The Peach Cobbler Factory is currently expanding in 19 states and will have 50 locations opened by 2023. The company has franchise commitments for an additional 200 locations and have recently moved its corporate headquarters to South Florida.
A new lease deal for 98,012 square feet brought the 677,318-square-foot logistics park to full occupancy.
The Bridge Point 595 location marks a new Florida location for the company.
The sale price equates to nearly ±$1.2 million per acre.
The tenant is the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States, Canada, and has a growing presence in Europe.
A leading provider of e-commerce fulfillment and technology solutions has signed a long-term lease agreement.
The agency signed on for a 10-year term.