BBX Logistics Properties Announces Venture With FRP Development Corp To Develop Logistics Park In Davie
The joint venture intends to redevelop the 11.3-acre Signature Grand site into The Park at Davie.
The joint venture intends to redevelop the 11.3-acre Signature Grand site into The Park at Davie.
The initial phase of the project includes the construction of a 200,000-square-foot building, with plans for two additional buildings to follow. This phase can accommodate tenants seeking spaces as small as 50,000 square feet.
The joint venture currently expects to obtain debt financing and commence site development and construction of the initial phase of the project in the first quarter of 2024.
The committee will assist in shaping the company’s strategy and direction, provide market guidance and expertise, review investment opportunities, and offer important perspectives and feedback.
The new division will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
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