Butters Construction & Development, along with its partner Blackrock, just paid $15.4 million to buy a swath of vacant land in Pompano Beach from Prologis as part of its plan to build a new speculative industrial project.
According to county records, Butters bought about 26 acres at the southwestern corner of Northwest 18th Street and Northwest 15th Avenue.
Adam Vaisman, director of acquisitions at Butters, told The Real Deal that the company is planning to build a $40 million, two-phase industrial project aimed at distributors.
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