Jones Lang LaSalle Inc.
08/22/2024 | Press release | Distributed by Public on 08/22/2024 07:51
Sale of Broward County Infill Industrial Two-Pack closes
MIAMI, Aug. 22, 2024 - JLL Capital Markets announced today the sale of Pompano 95 and Ft. Lauderdale Park, totaling 102,038 square feet in Florida's Broward County.
JLL represented the seller, Berkeley Partners, in the sale to Dalfen Industrial.
Located in Pompano, Florida, Pompano 95 is a single 37,351-square-foot front-load warehouse situated on two acres, constructed in 1980. The building, which fronts I-95, is fully leased with six industrial bays.
Ft Lauderdale Park comprises two rear-loaded warehouses, totaling 64,687 square feet, built in 1989-1990 across four acres. The buildings offer 10 industrial bays and are currently 94% leased.
Centrally located in one of the nation's premier industrial markets, the portfolio provides excellent connectivity to South Florida's most populous areas and key logistical infrastructure, including major highways, airports and ports.
The JLL Investment Sales and Advisory team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Associate Taylor Osborne.
"We are proud to have led the successful sale of this portfolio which highlights the strong demand, from both tenants and investors, for light industrial assets in South Florida's thriving market," said Castillo.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
Berkeley Partners, along with its affiliated entities, is a fully integrated principal investment firm focused exclusively on industrial real estate. Since 2005, its affiliates have sponsored a series of value-add and core-plus investment vehicles dedicated to the light industrial sector. The Firm's vertically integrated platform includes competencies in asset management, property management, leasing management and construction management. As of March 31, 2024, Berkeley Partners owns and operates approximately 11.5 million square feet of light industrial real estate with $2.5 billion of assets under management across targeted growth and gateway markets within the United States.
Dalfen Industrial LLC, headquartered in Dallas, is one of the largest privately owned industrial real estate firms in the United States and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen owns and operates over 55 million square feet of premier industrial properties throughout the United States. For more information, please visit www.dalfen.com.