Festival Logistics Park Breaks Ground On Iconic Pompano Beach Site
The project, which is expected to deliver in the fourth quarter of 2026, will offer approximately 485,000 square feet of Class A industrial space across three buildings.
The project, which is expected to deliver in the fourth quarter of 2026, will offer approximately 485,000 square feet of Class A industrial space across three buildings.
Pricing expectations exceed $200 million.
These additions mark a significant milestone for Nora, expanding the district beyond retail and dining into a hub for businesses, influencing the future of West Palm Beach’s economic landscape.
The 25-acre property will soon feature three state-of-the-art buildings ranging from 60,000 to 300,000 square feet.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Director Jorge Portela and Vice President Kim Flores.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
The store serves as one of the anchor tenants in the Uptown Boca development.
The project will consist of a Class A, two-building, variable-depth multi-tenant industrial development totaling 457,110 square feet situated on 30.78 acres.
Foundry and Wheelock plan to redevelop the 125,281-square-foot campus into Egret Point Logistics Center, a planned 457,000-square-foot industrial project that was approved by the Boynton Beach City Commission last month.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
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