FORT LAUDERDALE—While investors compete for large industrial buildings in Miami, some are picking up smaller industrial deals further north. Two industrial buildings recently sold in Broward County.

First, CBRE arranged the sale of a 40,000 square-foot manufacturing building located at 1711 Blount Road in Pompano Beach, FL. CJJ Properties of Fort Lauderdale sold the asset for $1.75 million to Eddie Monserrat, a user in the aerospace industry.

“The health of the Pompano Beach industrial market is starting to improve,” says CBRE first vice president Tony Hoover, who represented both the buyer and the seller. “Many properties that were available during the last few months have been put under contract during the first quarter, confirming our expectations for a stronger sales market in 2013.”

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