Butters and BlackRock to build two massive warehouses in Tamarac

Industrial project expected to be completed in 2020

Miami /
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

arrow_forward_ios
Jet Aviation signs $120M Opa-Locka airport deal
Jet Aviation signs $120M Opa-Locka airport deal
Jet Aviation signs $120M Opa-Locka airport deal
503 South Krome Avenue in Homestead and Armando Bravo (Google Maps)
Developer buys OZ land in bet on Homestead as “future” of real estate
Developer buys OZ land in bet on Homestead as “future” of real estate
Brookfield Asset Management CEO Bruce Flatt, Dacra president and CEO Craig Robins, L Catterton CEO James Michael Chu, and the Paradise Plaza in Miami’s Design District (Google Maps, Wikipedia, LCatterton)
Haute rent: What Gucci, Dior and others pay in Miami’s Design District
Haute rent: What Gucci, Dior and others pay in Miami’s Design District
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Rendering of N29 project as seen from NW 29th Street and 1st Avenue and Carpe Real Estate Partners co-founder David Weitz (L&L Carpe Wynwood Holdings)
Miami board rejects design for massive Wynwood mixed-use project, N29
Miami board rejects design for massive Wynwood mixed-use project, N29
https://therealdeal.com/sanfrancisco/2021/10/19/sf-planning-commission-chooses-laundry-over-housing/
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Don Peebles, Michael Swerdlow and a rendering of the development (Black 55)
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Extra Space Storage CEO Joseph D. Margolis and the warehouse at 750 and 780 S. State Road 7 in Margate, Fl. (Google Maps, ExtraSpace.com)
Extra Space Storage acquires Margate warehouse for $22M
Extra Space Storage acquires Margate warehouse for $22M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...