Butters and BlackRock to build two massive warehouses in Tamarac

Industrial project expected to be completed in 2020

Jan.January 07, 2019 12:30 PM

Malcolm Butters and an illustration of the sit on the corner of North Hiatus Road and West McNab Road

Butters Construction & Development and a BlackRock fund are planning a new industrial complex in Tamarac.

City Furniture sold the vacant 22-acre site at the corner of North Hiatus Road and West McNab Road for about $15.5 million in December to the joint venture.

The companies just announced that the project, which calls for two distribution buildings totaling 355,000 square feet, can accommodate tenants ranging from 5,000 to 100,000 square feet. Construction will begin in the second quarter of 2019, and the project is expected to be completed by the third quarter of 2020, according to a press release.

Malcolm Butters of Butters Construction & Development said some of the tenants in the office park could be e-commerce companies, pharmaceutical companies, or potentially an aviation parts manufacturer.

The deal reinforces the heightened demand for industrial properties in South Florida and Broward County, where developable land is scarce.

Leasing will be handled by Cushman & Wakefield’s Chris Metzger and Richard Etner.

Butters Construction & Development broke ground last year on the second phase of its 75-acre Hillsboro Technology Center, a commercial and industrial development that will total about 1 million square feet when completed.

Related Articles

First Industrial Realty Trust CEO Peter E. Baccile, 1001 Northwest 12th Terrace and 1021 Northwest 12th Terrace in Pompano Beach (Credit: Google Maps)

First Industrial Realty picks up two properties in Pompano Beach

Brookfield Property Group’s Brian Kingston and 3400 Northwest 74th Avenue (Credit: Google Maps)

Brookfield picks up more industrial properties near MIA for $83M

IMC Equity Group CEO Yoram Izhak, and 1800 Northwest 66 Avenue (Credit: Google Maps)

IMC Equity Group snags industrial buildings in Plantation for $11M

7500 Northwest 35th Terrace and Brookfield Asset Management CEO Bruce Flatt

Brookfield affiliate picks up tire distribution center for $20M

6600 Northwest 14 Street (Credit: Google Maps, iStock)

Mindful Management makes conscious Plantation purchase

RREEF Property Trust’s CEO W. Todd Henderson and Centergate at Gratigny

RREEF America buys Hialeah industrial property for $178M

Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

State report finds open gas valve fueled building explosion at Plantation shopping center