Steve Poulos Of Kurv Industrial Acquires East Pompano Industrial Center For $219.7M From QuadReal

The transaction involves an industrial asset located at 1240, 1260 & 1300 Northeast 48th Street in Pompano Beach. The property comprises a five-building complex spanning 50 acres with a total square footage of 819,752, and the transaction was executed for a price of $219,700,000, equating to $268 per square foot. The property is reported to be more than 50% leased and has been funded with a loan from Ares Commercial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $219,700,000
• Buyer: Steve Poulos - Kurv Industrial
• Seller: Dennis Lopez - QuadReal Property Group
• Broker: CBRE
• Lender: Ares Commercial
• Asset size: 50 acres
• Total square footage: 819,752
• Price per square foot: $268

Steve Poulos represented Kurv Industrial in the acquisition of the asset, while Dennis Lopez represented QuadReal Property Group as the seller. The deal was brokered by the commercial real estate firm CBRE, ensuring the smooth execution of the transaction between the buyer and seller.