The Easton Group Adds To IOS Portfolio, Acquires Broward County Property
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
Construction on the new warehouse is expected to start towards the end of 2022 and take about a year to a year and a half to complete.
Easton has submitted plans with the city to build a logistics-oriented facility.
DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff listed the building.
The 105,365-square-foot warehouse sold for $19.5 million.
The buyer is one of the largest retail beauty products, wig and human hair extension suppliers in the United States. It owns and operates 22 retail locations throughout the South Florida tri-county area and Tampa.
A 127,150-square-foot warehouse/distribution facility will be built on one of the last remaining parcels within International Corporate Park.
“The industrial leasing activity remains solid as we enter 2021,” said Waite. “Now that we’ve rolled out a COVID vaccine in South Florida, I suspect business and consumer confidence will only get stronger providing lots of new opportunity in the commercial real estate market.”
The deals include one sale and one lease transaction. CLICK ON THE HEADLINE FOR MORE
Easton’s Jim Armstrong and Mike Waite negotiated the lease deals. CLICK ON THE HEADLINE FOR MORE
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