Pompano Distribution Center I is 100% leased. Restoration Hardware, Sunbelt Marketing and RWC are among the tenants.

The industrial building sits in the epicenter of South Florida's population base, making it strategic for regional distribution. The industrial asset is four minutes from Interstate 95, directly on Dixie Highway. Roy Rosenbaum, director of acquisitions, and Sean Bannon, managing director and head of US real estate, represented Zurich Alternative Asset Management.

Pompano Distribution Center II recently hit a huge milestone. Check out my recent column to get the whole story.

MIAMI—Pompano Distribution Center I, a 202,210-square-foot class A distribution warehouse in the Fort Lauderdale suburb of Pompano Beach, FL, has traded hands. The sale price is $23.6 million.

Cushman & Wakefield capital markets brokerage team of executive director Mike Davis, senior director Rick Brugge, senior director Michael Lerner, and executive director Richard F. Etner of the South Florida Industrial Team represented Atlanta-based developer Robinson Weeks Partners in the sale. A member company of Zurich North America, advised by Zurich Alternative Asset Management, its alternative investment adviser, purchased the asset for $117 per square foot.

“Investors showed tremendous interest in Pompano Distribution Center I,” Davis tells GlobeSt.com. “South Florida is one of the top three industrial investment markets in the US, along with Northern New Jersey and Southern California. Many saw this as a gateway market investment opportunity.”

Located at 3901 Northeast 12th Avenue, Pompano Distribution Center I is a rear-load distribution center built in 2014. It features 32-foot clear heights, 125-foot truck courts with 60-foot concrete aprons, 42-foot by 40-foot column spacing, ESFR sprinklers, T–5 lighting and excess trailer storage.

Pompano Distribution Center I is 100% leased. Restoration Hardware, Sunbelt Marketing and RWC are among the tenants.

The industrial building sits in the epicenter of South Florida's population base, making it strategic for regional distribution. The industrial asset is four minutes from Interstate 95, directly on Dixie Highway. Roy Rosenbaum, director of acquisitions, and Sean Bannon, managing director and head of US real estate, represented Zurich Alternative Asset Management.

Pompano Distribution Center II recently hit a huge milestone. Check out my recent column to get the whole story.