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

This vitamin maker sells off Pompano Beach warehouse after layoffs

This vitamin maker sells off Pompano Beach warehouse after layoffs

Steven E. McCraney, President & CEO McCraney Property Company with the land

McCraney, partner pick up land in tight Boca Raton industrial market

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

Panattoni Development Company’s Carl Panattoni, Gratigny Logistics Park

Panattoni drops $24M to build new industrial project near Opa-locka

Spectra at Tamarac at 8650 Northwest 61st Street and Mark Zolty

Canadian investment firm buys Tamarac apartments for $47M

1000 Park Centre Boulevard, Joe Le Bas

Miami Gardens commercial site sells for $19M

Paul Ellis

Foundry Commercial bought an 18-acre site in Hialeah Gardens, plans industrial project

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