NorthBridge Partners has acquired Elevate Broward, an 11-building, small-bay industrial portfolio, for $81 million. The portfolio was sold by Harbert Management Corporation, which had previously overseen a comprehensive repositioning of the warehouse properties. The assets are located in Lauderdale Lakes and Lauderhill in Broward County, and are fully oriented toward small-bay industrial users.
The Elevate Broward portfolio totals 354,336 square feet across 11 buildings. Eight of the buildings are located at 3435-3699 NW 19th St. in Lauderdale Lakes, while three buildings are located at 3311 and 1842-1896 NW 38th Ave. in Lauderhill. The industrial properties were constructed between 1979 and 1984, providing a mature shallow-bay warehouse product in this part of Broward County.
Harbert Management Corporation engaged Last Mile Holdings to assist with operations and execution of its business plan for Elevate Broward. Led by managing partners Daniel Abrahams, Oniel Samuel, and Shai Moschotwits, Last Mile Holdings worked closely with Harbert Management Corporation to acquire, reposition, and optimize the portfolio. As part of that strategy, the ownership team completed a $2.3 million renovation program in 2024 aimed at enhancing the competitiveness of the small-bay industrial assets.
The buildings are leased to more than 100 tenants, reflecting a diversified base of small industrial occupants. Individual suites in the Elevate Broward portfolio range from sub-1,000-square-foot spaces to shallow-bay warehouses of more than 5,000 square feet. This configuration supports a variety of light industrial, warehouse, and related small-bay uses across the project, with the shallow-bay format designed to accommodate smaller users and flexible space requirements.
Cushman & Wakefield represented Harbert Management Corporation in the sale transaction. The brokerage team included Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge, and Rick Colon, who advised the seller on the disposition of the Elevate Broward industrial portfolio.
