Kurv Industrial, formerly Bridge Industrial, dropped $219.7 million to buy a Pompano Beach warehouse portfolio in South Florida’s priciest industrial deal so far this year and the second nine-figure trade in the Broward County city this week.
Three affiliates of Chicago-based Kurv, led by Steve Poulos, acquired East Pompano Industrial Center, a collection of five warehouses spanning 819,800 square feet, records and real estate database Vizzda show. The buyer financed the purchase with a $154.8 million mortgage from AREEIF Lender.
The price amounts to $268 a square foot.
The buildings, which are being rebranded as Kurv Pompano, are at 1260 Northeast 48th Street, 1240 Northeast 48th Street and 1300 Northeast 48th Street.
Vancouver-based QuadReal Property Group, led by Dennis Lopez, sold the portfolio to Kurv in three separate transactions, records show.
Kurv paid $122.5 million for two buildings on 23.8 acres completed in 2020, $93.1 million for two warehouses built in 2023 on 23.5 acres and $4.5 million for a facility completed in 1993.
QuadReal paid a combined $25.9 million for the three industrial properties in 2017, records show. The recent sale price marks a 748 percent gain over the property’s last trade.
Institutional appetite for South Florida warehouses is increasing. Blackstone recently made a splash with its $163.1 million acquisition of a Pompano Beach warehouse portfolio, underscoring how deeply capital is flowing into the region’s industrial market.
In recent years, Kurv Industrial has positioned itself as one of South Florida’s most aggressive players in the industrial sector. In February, the firm landed a $56.7 million construction loan to redevelop a Doral corporate campus into two warehouses spanning 268,700 square feet. In 2024, Kurv paid $45.4 million for the 16-acre former Corporate Park of Doral.
Kurv is also transforming the former Ryder System headquarters near Doral into a 326,400-square-foot industrial complex with a $53 million construction loan obtained in 2024.
