Cushman & Wakefield Arranges $62.3M Sale of Industrial Park in Broward County

by Alex Tostado

POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $62.3 million sale of Powerline Business Park, a 443,720-square-foot, small-bay industrial park in Broward County. The park comprises 24 small-bay buildings on about 26.4 acres. The property features 16- 20-foot clear heights, air-conditioned office space and illuminated parking, as well as dock-high truck loading and grade-level, overhead 12-by-14-foot doors. The park was developed between 1983 and 1994 and was 96.8 percent leased at the time of the sale. Mike Davis, Scott O’Donnell, Rick Brugge, Michael Lerner, Dominic Montazemi and Greg Miller of Cushman & Wakefield represented the locally based seller, Industrial Development Co., in the transaction. San Francisco-based Stockbridge was the buyer.

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