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.
Stream’s Managing Directors and Executive Vice Presidents Nick Wigoda and Steve Medwin will lead the leasing efforts on behalf of ownership.
Since launching in 2023, Stream Florida has grown from just six team members to more than 45 professionals across Miami, Tampa, and Orlando.
The buyers plan to redevelop the site into a modern industrial campus comprising two Class-A warehouse buildings totaling approximately 182,000 square feet.
The park offers 344,940 square feet of purpose-built industrial space engineered for the region’s booming distribution and logistics needs.
The Class A logistics campus will feature two state-of-the-art buildings totaling more than 182,000 square feet. Construction is anticipated to be completed in the first quarter of 2026.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
JLL’s Peter Sheridan, Yuri Quispe, and Peter Johnston represented the owner and developer in the lease negotiations.
Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda, along with Managing Director Alan Long, were the sole brokers on the transaction.
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