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South Florida

Pompano Beach industrial complex sells for $2.8 million


2500 NW 29th Manor

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A 36,276-square-foot industrial property in Pompano Beach has been sold for
$2.8 million. The property, which is located at 2500 Northwest 29th
Manor, was purchased by 2500 NW, a limited liability company which
plans to renovate the building and expand its office space for a
recently-secured tenant. The seller on the complex, which was built in
1988, was UnivarUSA. Chris Metzger, executive director at Cushman &
Wakefield, represented UnivarUSA, and Scott Weprin of Michael Falk &
Company represented 2500 NW. “This was a complicated transaction in
that we were selling the building to a buyer with a tenant in tow,” said
Metzger. “Because of this scenario, the due diligence not only had to
satisfy the buyer, but the new tenant as well.” — Alexander Britell