Foundry Commercial And Crow Holdings Acquire 10.2 Acre Development Site In Pompano Beach For $23.1M

A development site of 10.2 acres located at 33 Northwest 33rd Street in Pompano Beach was sold for $23.1 million. The site was previously utilized as a parking lot for the now-closed Festival Marketplace and is intended for development into an industrial campus near Florida’s Turnpike.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $23,100,000
• Buyer: Paul Ellis - Foundry Commercial
• Buyer: Michael Levy - Crow Holdings
• Seller: Shibber Khan - Criterion Group
• Market: Pompano Beach
• Asset Size: 10.2 acres

Foundry Commercial partnered with Crow Holdings for this acquisition, representing significant collaboration in the real estate sector. Shibber Khan, representing Criterion Group, finalized the sale of the property.