This vitamin maker sells off Pompano Beach warehouse after layoffs

Earlier this year, the company announced it would close three of its SoFla locations

Nov.November 11, 2019 11:35 AM
3001 Center Port Circle

3001 Center Port Circle

This vitamin company just got a financial shot in the arm.

Rexall Sundown sold its warehouse in Pompano Beach for $8.7 million after the company laid off 250 employees earlier this year at three of its South Florida locations.

The company sold the 61,856-square-foot building at 3001 Center Port Circle for $141 per square foot to CRSC Commercial Holdings, records show.

CRSC Commercial Holdings has the same address on the deed as R.J. Roberts & Co, a logo apparel company based in Pompano Beach. The building was built in 2002. Rexall Sundown purchased the property in 2010 for $4.6 million, records show. The property spans four acres.

Rexall Sundown was founded by South Florida entrepreneur Carl DeSantis in 1985. The company was sold in 2003 to Nature’s Bounty Co. for $250 million. Rexall Sundown makes a number of vitamins and supplements, Ester-C, Nature’s Bounty, Balance, Solgar, Osteo Bi-Flex, and Sundown Natural.

In a WARN Act in March, the company said it would wind down operations and close its facilities in Deerfield Beach, Boca Raton, Pompano Beach.

Warehouse asking rents in Broward County continue to rise even as an influx of new industrial product is coming to the market. In the third quarter, average industrial asking rents rose to $8.89 per square foot from $8.16 per square foot in the third quarter of 2018, according to Colliers International South Florida.

In Northeast Broward County, where Pompano Beach is located, 732,710 square feet of industrial space is under construction, according to Colliers.

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