Link Logistics has recently completed the acquisition of an industrial park located in Deerfield, Florida, for a total purchase price of $162 million. The park consists of two buildings, with a combined square footage of 675,140 square feet. One of the buildings spans 605,126 square feet and was acquired for $147 million, while the second warehouse covers 70,014 square feet and was purchased for $15 million. The seller in this transaction was PGIM.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $162,000,000
• Square Footage: 675,140 SF
• Price per Square Foot: $240
• Address: 710 & 750 South Powerline Road, 3155 & 3161 Southwest 10th street, Deerfield, Florida
• Market: Deerfield

The buyer, Link Logistics, was represented by Luke Petherbridge in the transaction. On the other hand, Eric Adler acted as the representative of the seller, PGIM. This acquisition marks an important milestone for Link Logistics, further expanding their industrial property portfolio.