Foundry Commercial And Crow Holdings Capital Acquire Development Site In Pompano Beach For $23.1M

This transaction involves a development site located at 3030 Northwest 33rd Street in Pompano Beach. The asset is set to be redeveloped into a modern industrial campus with two Class-A warehouse buildings. The sale price for the property was $23,100,000, with a total building square footage of 182,000, resulting in a price per square foot of $126.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,100,000
• Building Square Footage: 182,000
• Price per Square Foot: $126
• Buyer: Foundry Commercial & Crow Holdings Capital
• Seller: Criterion Group
• Buyer's Representatives: Steve Medwin & Nick Wigoda - Stream Realty Partners

Steve Medwin and Nick Wigoda represent the buyers in this transaction, highlighting their involvement in facilitating off-market industrial land sales in South Florida. They noted that the site will feature build-to-suit opportunities for clients looking for modern industrial space.