Berger Commercial Realty’s Jordan Beck, Joseph Byrnes Negotiate $349 PSF Sale Of Cold Storage Facility In Off-Market Deal
Berger Commercial Realty/Corfac International Sales Associate Jordan Beck and Senior Vice President Joseph P. Byrnes negotiated the sale of a 43,000-square-foot cold storage/food processing facility located at 1280 SW 29th Ave. in Pompano Beach, Florida.
The deal closed December 6.
Acme Smoked Fish Group, which paid $15,750,000 for the facility, plans to utilize the facility for their operations, allowing the company to increase the food processing component of their business.
Beck and Byrnes represented the seller, Benson Properties Inc., in the transaction. No outside brokers were involved in the deal.
“The property is very unique due to it being a turn-key, state of the art food processing facility,” explained Beck. “There are floor drains throughout the property, along with coolers and freezers, insulated dock doors, and processing rooms.”
“This very specialized property required a unique end user for the deal to make sense,” added Byrnes. “We have been marketing this property silently off-market since the onset of COVID. Eventually, we came across Acme Smoked Fish Group, which had a major need to increase the processing component of their business. This property was perfect for them.”
The asset, which is currently occupied by Murvest Fine Foods, is situated on 2.5 acres.
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About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.
