San Francisco Investor Beats Competition to Buy Powerline Business Park
Cushman & Wakefield closed the $62 million sale of the Deerfield Beach industrial park to Stockbridge Capital Group.
February 12, 2019 at 03:12 PM
5 minute read
Not only were plenty of potential purchasers interested in scooping up Deerfield Beach's Powerline Business Park, but diverse buyers were in play.
The hopefuls varied from private companies to big institutional investors and came from across the U.S., Canada and Latin America.
In the end, Stockbridge Capital Group, a San Francisco-based real estate investment management company, bought the industrial park comprising 24 small-bay buildings from Pompano Beach-based Industrial Development Co. for $62.25 million, or $140 per square foot.
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