Broward warehouse park sells for $78 million

Hahz Terry Hahz Terry 4 months ago

A Deerfield Beach industrial park sold for $77.55 million, more than doubling in value since its last trade.

BPREP Deerfield Park LLC, an affiliate of New York-based Brookfield Properties, sold the four warehouses for a combined 247,079 square feet at 674 to 772 S. Military Trail to LLF Deerfield LLC, care of Dallas-based Lincoln Capital Advisors. WSCO V Core Lender, part of Walton Street Capital in Chicago, provided a $52.28 million mortgage to the buyer. Property data firm Vizzda confirmed the parties in the deal. The price worked out to $314 per square foot.

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