Venture A single Genuine Estate compensated $36.2 million for a trio of Boynton Seashore warehouses.
By way of an acquisition fund, an affiliate of Rosemont, Illinois-based mostly Enterprise Just one obtained Boynton Logistics Heart, an industrial complicated at 1200, 1210 and 1220 Southwest 35th Avenue, data and actual estate databases Vizzda show. The purchaser attained a $50 million home finance loan from Lake Forest Bank & Belief Company.
The deal breaks down to $119 per sq. foot.
A Cushman & Wakefield workforce led by Mike Davis and Dominic Montazemi marketed the property.
The vendor, an affiliate of North Miami Seashore-centered Elion Companions, compensated $25.8 million for the 12-acre site in 2020, information demonstrate. Elion is led by taking care of partners Jack Azout, Shlomo Khoudari, Juan DeAngulo and Sylvain Argy.
The 3 structures, spanning roughly 304,000 sq. feet, were done in 2005, 2017 and 2018, data show. Boynton Logistics Middle is 91 % occupied, according to an on the web listing.
Led by principals Mark Goode and Roy Splansky, Enterprise One particular is a personal equity agency that specializes in developing and acquiring industrial attributes. In 2022, the firm expanded into Florida with the acquisition of an industrial developing in Orlando, a push launch states. Boynton Logistics Centre is Venture One’s initial acquisition in South Florida.
In January, Venture One paid $50 million for two industrial properties in the Chicago suburb of St. Charles.
Past yr, Undertaking One particular marketed a 54-home industrial portfolio generally in the Chicago spot for $369 million to New York-centered DRA Advisors.
South Florida’s industrial industry has professional a tiny flurry of trades in the latest weeks, which includes a blockbuster obtain of an Amazon distribution heart in Jupiter. Dallas-primarily based Hillwood compensated $106.5 million for the 1 million-square-foot facility.
Also this month, Wakefield, Massachusetts-dependent Northbridge Companions obtained a a few-setting up industrial advanced in Deerfield Seaside. San Francisco-dependent Bristol Group sold Powerline Commerce Park to Northbridge for $18.1 million. The same Cushman & Wakefield crew that offered Boynton Logistics Middle marketed Powerline on behalf of Bristol.
Very last thirty day period, Woodhill Serious Estate compensated $26 million for an industrial assemblage in Hialeah. The New York-centered organization acquired 6 warehouses with a put together 159,000 sq. feet of house.
