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Cabot Picks Up Palm Beach Distribution Portfolio for $26M
Cabot Properties acquired three multi-tenant warehouse and distribution buildings totaling 173,812 square feet in Palm Beach County, FL from McCraney Property Company for $25.8 million. The fully-leased assets are located at 2211 Vista Parkway (pictured), 2213 Vista Parkway and 6935–6965 Vista Parkway North in West Palm Beach’s Vista Business Park.
6935–6965 Vista Parkway North is a one-story, 77,177-square-foot light warehouse and distribution center developed in 2008 on a 7.9-acre site. 2211 Vista Parkway (44,234 square feet) and 2213 Vista Parkway (51,400 square feet) were developed in 2015 by McCraney Property Company on a 7.2-acre site.
Cushman & Wakefield’s Christopher Thomson, Chris Metzger, Richard F. Etner Jr., Matthew G. McAllister, Mike Davis, Rick Brugge and Michael Lerner represented the buyer.
“Cabot Properties’ acquisition of these buildings represented a tremendous opportunity to acquire proven, well-managed assets with exceptionally strong tenancy and revenue histories in one of the nation’s most dynamic industrial markets,” said Thomson.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition