Transwestern, Acento Sell 214,000 SF Small-Bay Industrial Portfolio
The properties were 100% leased at the time of sale to Florida-based Richland Capital Holdings.
The properties were 100% leased at the time of sale to Florida-based Richland Capital Holdings.
Infinity Properties is one of Florida’s top buyers for light industrial flex product, acquiring 27 buildings and over $75,000,000 worth of deals in 2021.
The proposed project include three buildings on vacant land on 234 acres at 4670 W. Orange Blossom Trail.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal and put it under contract.
The 75,000-square-foot property Includes 50,000 square feet of office space, warehouse and dock-high loading.
The lease marks the Wilmington, Delaware-based aviation parts and distribution company’s first location in Florida.
Construction will commence in November 2021 and the property is expected to deliver in the fourth quarter of 2022.
The three recent acquisitions total just under $20 million dollars.
CBRE’s Chris Riley represented TDC and a real estate fund advised by Crow Holdings Capital in the transaction.
The shell buildings sold for approximately $127 per square foot.
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