COCONUT CREEK, FL – The Butters Realty & Management Industrial Brokerage Team of Thomas J. Hotz, Brian T. Ahearn, CCIM and JC Conte, SIOR sold the brand new vacant 75,800 Square foot building which sits on 5.1 acres just east of Powerline Road and just south of Copans Road. Tom , Brian and JC represented the interest of CIVF V – FL2W01, LLC a Cabot Properties, Inc subsidiary. Over the past 35 years Cabot has grown into a leading global institutional investment firm with a distinctive focus on logistics’ properties. Cabot was formed in 1986 as the investment advisor affiliate of Cabot, Cabot & Forbes, a national real estate company that built some of the first master planned industrial and business parks in the US. Over the ensuing three decades, the industrial property sector has evolved into global asset classes comprised of high-quality functional buildings that are critical to the flow of goods in all major economies. eCommerce and urban migration are driving demand near world-class cities and creating significant opportunity for well-capitalized investors. Cabot is a leading investor in logistics real estate and is actively seeking opportunities to both acquire and develop properties in major markets across the United States, United Kingdom, Europe and Asia-Pacific. For more information about Cabot Properties go to their website at: CabotProp.com
The buyer, who must remain undisclosed, was a long-time tenant on McNab Road in Pompano Beach. They had wanted to purchase a large Class A Industrial building for many years and the timing of the purchase came together well. Over the next few months the buyer will occupy the building and distribute their products from there. Richard Etner and Matthew McAllister of Cushman and Wakefield represented the Buyer in this transaction.
“We are very pleased to have achieved such a high price for our Seller. Rob Gray, Senior Asset Manager for Cabot and the entire Cabot Team are exceptionally professional and fantastic to work with;” said Brian T. Ahearn, CCIM and Senior Vice President of Industrial Brokerage at Butters.