FORT LAUDERDALE, FL-Powerline Industrial Park has traded for $23.4 million. The property spans eight buildings totaling 470,000 square feet in Pompano Beach.
CBRE brokers Scott O'Donnell, Dominic Montazemi, Kirk Nelson and Miguel Alcivar represented the seller, Green Florida Developments. Entities controlled by Cabot Properties acquired the property, which is located at 2301 NW 30th Place.
O’Donnell tells Globest.com the deal got started with a call to Green Florida Developers principal David Green in late October 2010. CBRE offered Green a capital markets update and details of its recent $4.8 million sale of the 131,000-square-foot Cypress Creek Industrial Park, which is a similar small bay property to Powerline Industrial Park.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
