Tishman Speyer has recently acquired the Rock Lake Business Center, a 35-acre industrial property located in Pompano Beach, FL. The Class-A property consists of two fully leased warehouse buildings spanning over 256,000 square feet and was purchased from IDI Logistics for $100.1 million.
Constructed in 2020 with expert craftsmanship, this state-of-the-art facility boasts conditioned warehouse space and impressive features such as 32-foot clear heights, shared truck courts measuring at an expansive 185 feet wide, as well as a total of 84 dock high and drive-in doors. With ample parking options available including spaces for both cars and vans totaling at least up to an impressive number of approximately690 spots on site.
Conveniently situated along the Florida Turnpike with immediate access to I-95,the location offers prime frontage making it easily accessible for transportation needs.Additionally,this site also allows potential future development opportunities with plans already set in motion that could potentially add another remarkable243 thousand square feet across two rear-load buildings.
As part of its global portfolio growth strategy,Tishman Speyer launched its industrial platform back in early2021.In addition to their recent acquisition,the company’s US investments include properties located within Orange County,Boston,and San Francisco.IDI Logistics is known for their extensive experience specializing not only speculative development,but also build-to-suits,and value-add acquisitions,making them highly reputable industry leaders within this field.The post Tishman Speyer Lands $100M S.Florida Business Park appeared first on Connect CRE.
