The Real Deal Miami

Cabot buys Powerline Park in Pompano

January 05, 2011 05:53AM

CB Richard Ellis announced it had arranged the sale of Powerline Industrial Park, located at 2301 NW 30th Place in Pompano Beach. The buyer, Cabot III, paid $23.4 million for the property, which is comprised of eight buildings totaling 470,000 square feet. The property is currently 71 percent leased, and Cabot intends to make capital improvements like adding new roofs and landscaping, said Scott O’Donnell, senior vice president at CBRE. The seller was Green Florida Developments. TRD