Bang: Energy drink company drops $40M on warehouse

The site was formerly home to a women’s prison

TRD MIAMI /
Jan.January 24, 2020 03:30 PM
Jack Owoc and a South Florida Distribution Center Building (Credit: Core5)

Jack Owoc and a South Florida Distribution Center Building (Credit: Core5)

The maker of Bang energy drinks paid $40.37 million for a warehouse in Pembroke Pines, adding to its assemblage.

Weston-based Vital Pharmaceuticals purchased the 249,005-square-foot warehouse known as the South Florida Distribution Center at 20351 Sheridan Street for $165 per square foot. South Florida Distribution Center Building B, LLC, which is a partnership between Helms Development and Atlanta-based Core5 Industrial Partners, sold the property, according to a release.

The deal comes nearly one year after Vital Pharmaceuticals bought the adjacent 224,572-square-foot warehouse at 20311 Sheridan Street for $35 million. The company plans to move its headquarters from Weston to Pembroke Pines.

South Florida Distribution Center is a three-building logistics park on 66 acres less than one-half mile from U.S. 27. The site was formerly home to a women’s prison. The warehouse was built in 2017.

Vital Pharmaceuticals, led by Jack Owoc, manufactures and distributes sports supplements under the brand name VPX. Its products include Power Rush and Bang, a popular sports energy drink.

In February, Jack Owoc and his wife, Meg Liz Owoc, paid $7.7 million for a six-bedroom, six-bathroom home and a adjacent 2.4-acre vacant lot in Southwest Ranches, Florida.


Related Articles

arrow_forward_ios
Prologis CEO Hamid Moghadam

Prologis buys 8 acres of land near Sweetwater

9501 Northwest 106 Street and Apex Capital Realty’s Freddy Diaz (Credit: LoopNet and Apex Capital Realty)

Industrial site in Medley trades for $7M

Brookfield Asset Management CEO Bruce Flatt and 700 Banyan Trail (Credit: Google Maps)

Brookfield pays $32M for Boca Raton industrial building

Andre Agassi and Franklin Academy at 5000 Southwest 207th Terrace (Credit: Getty Images)

Agassi scores again with $61M charter school sale

Hard Rock Stadium (Credit: Getty Images, iStock)

Why Super Bowl LIV could spark interest in Miami Gardens real estate

Bridge Point Powerline Road industrial property

South Florida industrial market continues to rally in Q4

11300 Northwest 25 Street and Telefonica CEO José María Álvarez-Pallete López (Credit: Google Maps) 

Telefonica sold its Doral data center for $44M

701 Northwest 99 Avenue and Bar Invest Group CEO Jacques Barbera (Credit: Google Maps)

Pembroke Pines shopping center sells for $14M

arrow_forward_ios
Loading...