Liberty Property LP Buys Industrial Asset In Fort Lauderdale For $13.9M

The 28-acre industrial site located at 4030 State Road 7 in Dania Beach, Florida has been sold for $13.9 million. The property, formerly used as a composting site by the City of Fort Lauderdale, will now be the site for the forthcoming 300,000-square-foot Liberty 595 Distribution Center as acquired by Liberty Property LP, a subsidiary of Liberty Property Trust. The transaction was facilitated by Steven Wasserman and Brooke Berkowtiz of Colliers International, representing the seller, the City of Fort Lauderdale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,900,000.00
• Address: 4030 Sr 7, Fort Lauderdale, FL, 33314
• Market: Fort Lauderdale
• Seller's Rep: Steven Wasserman (Colliers International)
• Buyer: Liberty Property LP

The acquisition of the industrial site at 4030 State Road 7 marks a strategic move by Liberty Property LP, signaling their intent to develop the Liberty 595 Distribution Center on the premises. The history of the land, once serving as a composting site and later utilized by the city's Public Works Department, adds a layer of historical significance to the transaction.