Hersh Equity Group Acquires Industrial Portfolio In Hollywood Florida For $47.25 Million

The transaction involves an industrial asset located at 2100 Southwest 59th Avenue in Hollywood, FL. The sale was finalized for $47,250,000, with the property comprising 230,000 square feet. The price per square foot stands at $205.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $47,250,000
• Buyers: Juda Hersh, Corey Schwartz, Jake Stauber, and Steven Ginsberg - Hersh Equity Group
• Seller: Wilson Bridges - Interstate Dev Ltd Prtnr
• Broker: Jordan Beck - Berger Commercial Realty
• Attorney: Adam Weiss - Weiss Law

The acquisition marks a significant milestone for Hersh Equity Group, representing their largest deal to date. The group had previously identified this off-market opportunity in 2020, establishing a relationship with the original builder. This portfolio had not changed ownership since its construction in the 1980s. The deal enhances their portfolio to over 900,000 square feet and more than $150 million in assets under management, with an additional 220,000 square feet currently under contract.