REBusinessOnline

RAND INDUSTRIAL PORTFOLIO SELLS

DAVIE AND PLANTATION, FLA. — Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton, Fla., office were the sole brokers in the $21.5 million sale of the 254,076-square-foot Rand Industrial portfolio situated in Davie Park of Commerce in Davie and Plantation Technology Park in Plantation. Matecumbe Capital Management acquired the property from Rand Industrial Realty No. 101, LP. The nine-building portfolio was 91.1 percent occupied at the time of the transaction.

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