Arrowrock IV South Florida Distribution Center Acquires Pembroke Pines Industrial & Development Site For $59.84M

John “Jack” H. Owoc, the former CEO of Bang Energy, has recently sold a warehouse and a vacant industrial site in Pembroke Pines. The warehouse was sold for $39.84 million, while the industrial site fetched $20 million. The combined sale totaled $59.84 million.

Summary of transaction details

• Property Type: Industrial & Development Site
• Transaction Amount: $59,840,000
• Address: 20311 Sheridan Street & 20421 Sheridan Street, Pembroke Pines
• Market: Pembroke Pines
• Acres: 34.8
• Buyer: Arrowrock IV South Florida Distribution Center
• Seller: John “Jack” H. Owoc - Sheridan Real Estate Investment A LLC
• Lender: Central Trust Bank

In this deal, John “Jack” H. Owoc acted as the representative of Sheridan Real Estate Investment A LLC, the seller of the property. Arrowrock IV South Florida Distribution Center emerged as the buyer, while Central Trust Bank provided the financing for the transaction.