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Press Release: Cushman & Wakefield Represents Elion Partners in $11.65M Pompano Beach Warehouse Acquisition
Elion Partners Also Awarded Cushman & Wakefield the Leasing Assignment for the 94KSF Industrial Property
POMPANO BEACH, FL – Cushman & Wakefield has represented Elion Partners in acquiring a 93,873-square-foot warehouse asset in South Florida’s Pompano Beach for $11.65 million. The property is fully vacant and available for immediate occupancy.
The Cushman & Wakefield South Florida Industrial Team of Executive Director Rick Etner, Executive Director Chris Metzger,Executive Director Christopher Thomson and Director Matt McAllister represented Elion Partners, a national real estate investment firm focused on industrial assets, in acquiring the property from Bennett Automotive. Elion Partners has also awarded the Cushman & Wakefield team with the leasing assignment for the property, which can be leased to a single tenant or divided.
“This property was developed as a build to suit HQ for Bennett Automotive, so it is well suited to serve as a corporate headquarters for a new tenant,” said Etner. “Considering the Broward County industrial market’s low vacancy rate, we expect this property to be met with strong demand and to be a stable investment for Elion, whom we are glad to continue our partnership with.”
At 3141 SW 10th St., the lakefront property is on 5.38 acres situated off Powerline Road and provides convenient access to Interstate 95 and Florida’s Turnpike. The facility features eight dock high doors, 26-to-29-foot clear heights, two ramps and 104 vehicle parking spaces.
The eight-member South Florida Industrial team led by Metzger, Etner and Thomson negotiated just over 12 million square feet of sale and lease transactions valued at more than $252 million in 2019. For more information, please visit www.southfloridaindustrialteam.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.