Greg Lauze Of Northbridge Partners Acquires 17 Acre Industrial Portfolio In Lauderdale Lakes For $81.5M

An industrial portfolio consisting of properties located at 1814, 1842 Northwest 38th Avenue and 3435 Northwest 19th Street in Lauderdale Lakes has been sold. The estate spans 17 acres with a total square footage of 359,460. The sale occurred at a price of $81,500,000, equating to approximately $227 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $81,500,000
• Square Footage: 359,460
• Address: 1814, 1842 Northwest 38th Avenue, 3435 Northwest 19th Street
• Market: Lauderdale Lakes
• Price per Square Foot: $227
• Buyer: Greg Lauze - Northbridge Partners
• Seller: Travis Pritchett - Harbert Management Corp
• Acquisition Companies: NBPIV Lauderdale Lakes LLC and Last Mile BCC BH I LLC
• Portfolio Size: 17 acres
• Year Built: 1973 - 1978
• Previous Sale Price: $59.82 million in 2023

This transaction involved Greg Lauze representing Northbridge Partners as the buyer, acquiring the portfolio from seller Travis Pritchett, who represented Harbert Management Corp. The deal reflects significant industrial rent growth in Broward County.