Prologis Acquires 9.2-Acre Industrial Property In Pompano Beach For $41.1M

Prologis, represented by Hamid Moghadam, has purchased a 9.2-acre industrial property with a 153,496-square-foot warehouse in Pompano Beach, South Florida. The property, located at 1800 Southwest 13th Court, was sold by Blackstone, represented by Stephen Schwarzman, for a price of $41.1 million. This transaction highlights the strong demand for industrial properties in the region and reflects the ongoing trend of companies and individuals moving to South Florida.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,100,000
• Property Size: 9.2 acres
• Warehouse Size: 153,496 square feet
• Address: 1800 Southwest 13th Court, Pompano Beach
• Market: Pompano Beach

This acquisition by Prologis further demonstrates the strong demand for industrial properties in South Florida. With the ongoing trend of companies and individuals relocating to the region, the purchase of this 9.2-acre property with a warehouse highlights the attractiveness of the local industrial market. The transaction was facilitated by Hamid Moghadam of Prologis and Stephen Schwarzman of Blackstone.