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.
The buyers plan to redevelop the site into a modern industrial campus comprising two Class-A warehouse buildings totaling approximately 182,000 square feet.
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.
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 project is expected to deliver in late 2023.
Foundry and HighBrook purchased the property from a family business unit that had owned AIC for more than 20 years.
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