Cushman & Wakefield Arranges $4.9M Industrial Sale in Pompano Beach
29 Jul, 2010, Fort Lauderdale
Cushman & Wakefield announced today that Rexall Sundown has acquired 3001 Center Port Circle in Pompano Beach for $4.9 million. The seller was Public Storage.
The Cushman & Wakefield South Florida Industrial Team of Chris Metzger, Rick Etner, Sky Groden, Christopher Thomson and Justin Cope represented Public Storage in marketing the property for sale and in negotiations with Rexall Sundown.
"Investors are regaining confidence in the Broward industrial market," said Mr. Groden, a senior director at Cushman & Wakefield. "With an $80 per-square-foot purchase price, this transaction verifies that the market is on its way to recovery."
Totaling 62,000 square feet, 3001 Center Port Circle is located in Center Port Industrial Park, immediately west of I-95 between Sample and Copans Road. The property was built in 2001 by Public Storage.
The property is currently vacant, and following renovations, Rexell Sundown will relocate its manufacturing, packaging, warehousing and distribution facilities from Boca Industrial Park. Rexall Sundown develops, manufactures, markets and sells vitamins, herbals, nutritional supplements and consumer health products. Founded in 1976 and based in Bohemia, New York, the company sells its products through various retail outlets
Cushman & Wakefield's five-person South Florida Industrial Team offers more than 60 years of combined real estate experience, with a commitment to serving it clients' needs and offering expertise for any industrial real estate market needs for buildings or land. The Team specializes in Tenant/Purchaser Representation, Landlord/Seller Representation, Land Brokerage, Build-to-Suit Construction and Full Service Corporate Real Estate Advisory, serving Broward through Indian River Counties.
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