BBX Logistics Properties & PCCP Acquire 40-Acre Land In Delray Beach For $25M

BBX Logistics Properties and PCCP have purchased a 40-acre parcel of land in Delray Beach, Florida, for $25 million. The property, located at 9773 & 9863 Happy Hollow Road, will be the site for a new industrial complex called BBX Park at Delray. Spanning a total area of 672,533 square feet, the three-building complex will cater to tenants requiring as little as 50,000 square feet of space. The purchase was finalized on September 15, 2023.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $25,000,000
• Address: 9773 & 9863 Happy Hollow Road, Delray Beach, Florida
• Market: Delray Beach
• Asset Type: Land
• Acres: 40

Mark Levy from BBX Logistics Properties and Donald H. Kuemmeler from PCCP were the key individuals involved in the purchase. They coordinated the transaction and ensured the successful acquisition of the 40-acre parcel. The construction of BBX Park at Delray is expected to commence in the first quarter of 2024 after securing financing.