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Florida & Gulf Coast  + Industrial  |  August 7, 2020
David Cohen
By: David Cohen

Cabot Properties Snags West Palm Beach Industrial Facility for $16M

Boston-based private equity real estate investment firm Cabot Properties has acquired an 86,400-square-foot industrial facility in Palm Beach County for $15.5 million.

Located at 501 103rd Ave., the property was built in 2014 and features 28-foot clear heights, 11 dock high doors, 40-by-48-foot column spacing and 60-by-60-foot loading bay. At the time of sale, the property was fully occupied by two tenants, Fun Sweets with a 51,840-square-foot lease and Red Bull North America with a 34,560-square-foot lease.

Rick Etner, Christopher Thomson, Chris Metzger and Matthew McAllister of Cushman & Wakefield represented the seller, Easton & Associates, in the transaction. The Miami-based commercial real estate services firm originally acquired the asset in 2015 for $9.6 million. The CushWake team also secured both tenants at the facility on behalf of Easton & Associates.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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