Link Logistics Acquires Industrial Property In Deerfield Beach For $162M

The industrial property located at 750 S Powerline Road in Deerfield Beach has been sold for a price of $162,000,000. The property spans an area of 677,789 square feet, resulting in a price per square foot of $239. The transaction took place between the buyer, Link Logistics, and the seller, PGIM Real Estate.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $162,000,000
• Address: 750 S Powerline Road
• Market: Deerfield Beach
• Square Footage: 677,789
• Price per Square Foot: $239
• Buyer: Link Logistics
• Seller: PGIM Real Estate

In this deal, the seller was represented by Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Greg Miller, and Chloe Strada from Cushman & Wakefield. They played a vital role in negotiating the transaction on behalf of PGIM Real Estate.