Vital Pharmaceuticals Acquires Industrial Property In Fort Lauderdale For $35M

The industrial property at 20311 Sheridan St, Fort Lauderdale, Florida, was sold for $35,000,000.00. The asset spans 224,572 square feet and is part of the upcoming South Florida Distribution Center in Pembroke Pines, conveniently located near major transportation routes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $35,000,000.00
• Market: Fort Lauderdale
• Buyer: Vital Pharmaceuticals
• Seller: Core5 Industrial Partners
• Buyer's Representative: Sky Groden (JLL)
• Seller's Representative: Larry Dinner (CBRE)

The sale was brokered by CBRE, with Senior Vice Presidents Larry Dinner, Tom O’Loughlin, and Larry Genet representing the sellers Helms Development and Core5 Industrial Partners. Managing Director Sky Groden of JLL facilitated the transaction for Vital Pharmaceuticals. The South Florida Distribution Center is slated to include three buildings totaling 750,000 square feet of warehouse and office space, with Vital Pharmaceuticals set to establish their corporate headquarters, distribution, and production facilities at this location.