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Chick-fil-A Buys First Florida Distribution Center
The distribution and supply division of Chick-fil-A paid $50.5 million for a Weston warehouse.
The South Florida Business Journal reports a fund managed by Boston-based Cabot Properties sold the 207,335-square-foot warehouse at 3225 Meridian Parkway to Georgia-based Chick-fil-A. The price equated to $244 per square foot. Cabot Properties says it is a private partnership that acquires, develops, and operates logistics real estate in world-class cities.
The warehouse in the Weston Park of Commerce last traded for $30 million in 2019.
Built on the 15.8-acre site in 1995, the warehouse has 35-foot clear height, 24 dock doors and 150 standard parking spaces.
The supply division of Chick-fil-A operates distribution centers that serve its restaurants. Its website lists seven distribution centers, but none in Florida. The chicken fast-food chain has been rapidly growing with new restaurants throughout the state, especially in South Florida.
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