Investcorp Acquires Industrial Property In Deerfield Beach For $111.5M

A 444,120 square foot industrial property located at 4100 North Powerline Road in Deerfield Beach has been sold for $111,500,000. The property was purchased by Investcorp from Stockbridge Capital Group. The transaction was facilitated by Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon of Cushman & Wakefield.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $111,500,000
• Address: 4100 North Powerline Road, Deerfield Beach
• Market: Deerfield Beach
• Buyer: Investcorp
• Seller: Stockbridge Capital Group
• Seller's Rep: Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon - Cushman & Wakefield
• Square Footage: 444,120
• Price Per Square Foot: $251

Chloe Strada, Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon of Cushman & Wakefield played a crucial role in representing the seller, Stockbridge Capital Group, during the transaction. The deal marks a significant investment in the industrial market of Deerfield Beach by Investcorp.