Clay Duvall, David Bingswanger And Tyler Reece Acquire Industrial Asset In Tamarac For $27M

The transaction involved a 135,000-square-foot industrial property located at 10200 Northwest 67th Street in the Tamarac market, sold for a total price of $27,000,000. The property spans 2.94 acres and is currently fully leased to DifGen Pharmaceuticals. The acquisition was financed with a mortgage of $41.79 million from SDF REITHoldco.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,000,000
• Address: 10200 Northwest 67th Street
• Market: Tamarac
• Acres: 2.94
• Square Footage: 135,000
• Price per Square Foot: $200
• Buyer: Clay Duvall, David Bingswanger & Tyler Reece - Lincoln Property Co.; Eric Mogentale & Jeffrey Quicksilver - Walton Street Capital
• Seller: Frederik Wijsenbeek & Chengkai Hu - Talos Propco LLC; Alan Petro
• Broker: CBRE
• Lender: SDF REITHoldco

Clay Duvall, David Bingswanger, and Tyler Reece represented Lincoln Property Co. in this acquisition, alongside Eric Mogentale and Jeffrey Quicksilver from Walton Street Capital. The seller involved in this transaction was Frederik Wijsenbeek along with Chengkai Hu of Talos Propco LLC, and Alan Petro played a role as well. The brokerage services for the transaction were provided by CBRE.