Three fully leased warehouses in Palm Beach County command $25.8M

West Palm Beach-based McCraney Property Co. sold the warehouses on Vista Parkway to Boston-based Cabot Properties for $148 per square foot

TRD MIAMI /
Nov.November 04, 2018 11:55 AM

2211 Vista Parkway in Palm Beach County

West Palm Beach-based McCraney Property Co. sold three fully leased warehouses in central Palm Beach County for $25.8 million.

Cabot Properties of Boston paid $148 per square foot for the trio of warehouses on Vista Parkway west of Florida’s Turnpike, which have a combined total of 173,812 square feet.

McCraney Property built two of the warehouses at 2211 and 2213 Vista Parkway on a 7.2-acre site in 2015, and the company built a third warehouse at 6935-6965 Vista Parkway on a 7.9-acre site in 2008.

The warehouses are “proven, well-managed assets with exceptionally strong tenancy and revenue histories,” Christopher Thomson of brokerage firm Cushman & Wakefield said in a prepared statement.

Thomson was part of the Cushman & Wakefield team that brokered the $25.8 million transaction, which included Chris Metzger, Richard F. Etner Jr., Matthew G. McAllister, Mike Davis, Rick Brugge and Michael Lerner. [South Florida Business Journal]Mike Seemuth


Related Articles

arrow_forward_ios
1000 Southeast 8th Street, Andrew Gurewitsch and Harry Weisman and Barry Katz

Duty Free Americas owner will have to pay taxes on this sale

690 Northwest 13 Street and Francisco Martínez-Celeiro (Credit: Google Maps, Wikipedia)

The final act: Spaghetti western star sells Overtown warehouse for $10M

Rendering of Bridge Point 595 and Kevin Carroll

Bridge Development nabs $60M loan for Davie industrial project

3208 Northwest 72 Avenue and Blackstone CEO Stephen Schwarzman (Credit: Google Maps and Getty Images)

Blackstone buys industrial portfolio near Miami airport for $56M

Anne Gannon and West Palm Beach (Credit: iStock and Airbnb)

Airbnb sues Palm Beach County … again

Airbnb urges hosts to pay local taxes on short-term rentals in Palm Beach County

Airbnb urges hosts to pay local taxes on short-term rentals in Palm Beach County

Public Storage CEO Ronald Havner (Credit: Twitter)

Public Storage picks up industrial portfolio in Miami-Dade for $63M

JPMorgan Chase Bank lends $36M for Pompano Beach industrial development

JPMorgan Chase Bank lends $36M for Pompano Beach industrial development

arrow_forward_ios