Kevan Gorrie Of Granite REIT Acquires ShipMonk Headquarters From Robert Bellinger For $64.13M

The property involved in the transaction is an industrial asset located at 201 Northwest 22nd Avenue in Fort Lauderdale. It encompasses 12 acres and features a total square footage of 221,815. The sale price for the property was $64,130,000, translating to a price per square foot of $289.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $64,130,000
• Square Footage: 221,815
• Price per Square Foot: $289
• Seller: Robert Bellinger - ASB Capital Management
• Buyer: Kevan Gorrie - Granite REIT
• Market: Fort Lauderdale
• Acres: 12

This transaction involved ASB Capital Management selling ShipMonk’s headquarters and fulfillment center to Granite REIT. The property was last traded in 2019 for $38.22 million and is currently fully occupied by ShipMonk.