Cushman & Wakefield Arranges $50.1M Sale of Industrial Portfolio in Palm Beach County

by John Nelson

FORT LAUDERDALE, FLA. — Cushman & Wakefield has arranged the $50.1 million sale of an industrial portfolio in northern Palm Beach County totaling 915,887 square feet. Located within a 3.5-mile radius in West Palm Beach, Riviera Beach, Magnonia Park and Lake Park, the fully leased portfolio spans 38 buildings on 16 sites totaling nearly 54 acres. The portfolio houses 218 tenants with an average unit size of 4,200 square feet. Scott O’Donnell, Greg Miller, Dominic Montazemi and Mike Davis of Cushman & Wakefield represented the seller, a private trust. Cushman & Wakefield co-marketed the portfolio with Robert Smith of CBRE. The buyers were SL Florida Small Bay Portfolio LLC and SL Florida Small Bay Portfolio II LLC.

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