
Cushman & Wakefield Arranges $59.6M+ Sale of Warehouse/Distribution Center
Cushman & Wakefield has arranged the $59,650,000 sale of Bang Energy’s former warehouse/distribution center. The industrial property includes a vacant building and approximately 23.2 acres of land in Pembroke Pines, FL,
Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, Greg Miller, and Mike Ciadella of Cushman & Wakefield arranged the sale on behalf of the seller, Sheridan Real Estate Investment A LLC & Sheridan Real Estate Investment C, LLC. The buyer is a new entity led by Summit Real Estate Group’s Arrowrock US Industrial Fund IV.
Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process and will represent the buyer in leasing the existing vacant building along with a spec building being developed on the property.
Summit is planning extensive make-ready work and actively marketing the building located at 20311 Sheridan St. for lease.
- ◦Sale/Acquisition