US logistics real estate developer and manager IDI Logistics has sold a fully leased two-building property in Florida to Tishman Speyer for $100.2m (鈧�93.1m).
The Rock Lake Business Center, constructed in 2020, is a 35-acre industrial property in Pompano Beach, Florida.
Real estate investor Tishman Speyer said the 256,000sqft property is located at 3150-3250 NW 33rd Street, adding that the site allows for future development of an additional 243,000sqft of development across two rear-load buildings.
Andy Burke, managing director and head of industrial at Tishman Speyer, said: 鈥淥ver the past two decades, South Florida has consistently been one of the strongest performing industrial markets in the US.
鈥淩ock Lake is a high-quality asset that offers best in class functionality and future development potential in a flagship location with population density. We see this as the perfect opportunity to enter the South Florida market.鈥�
Tishman Speyer created its industrial platform in 2021. Since its launch, the platform has accumulated a collection of existing industrial assets and development projects in various markets.
To read the latest 麻豆映画 Real Assets magazine click here.
