Luke J. Petherbridge Of Link Logistics Acquires Industrial Portfolio From David Gilbert Of Clarion Partners For $163.1M

Clarion Partners sold a 623,256-square-foot, four-building warehouse portfolio located at 2510 West Copans Road, 1901, 2001, and 2004 Northwest 25th Avenue in Pompano Beach. The transaction occurred for a total sale price of $163,100,000, equating to $262 per square foot. The portfolio encompasses 37.4 acres and has been developed between the years 2000 and 2002, with the previous transaction in 2016 recorded at $77.25 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $163,100,000
• Square Footage: 623,256
• Sale Price per Square Foot: $262
• Address: 2510 West Copans Road, 1901, 2001 & 2004 Northwest 25th Avenue
• Market: Pompano Beach
• Acres: 37.4
• Buyer: Luke J. Petherbridge - Link Logistics
• Seller: David Gilbert - Clarion Partners

Representing the buyer, Luke J. Petherbridge is affiliated with Link Logistics, while David Gilbert represented Clarion Partners as the seller in this transaction. The portfolio last traded in 2016, illustrating a significant change in investment value over that period.