CRE Florida Partners Closes USDA Facility Sale In Pompano’s Gateway Industrial Park
Michael Rauch and Tom Robertson, principals of CRE Rauch, Lupo, Robertson & Co. have facilitated the sale of 1280-1288 SW 29th Avenue in Pompano Beach, Florida.
The ±42,897 square foot USDA facility was sold to Murvest Fine Foods, a purveyor of meat and specially food products in Ft. Lauderdale, for $3,075,000.
Murvest acquired the facility to continue its next phase of expansion. The facility contains over ±32,000 SF of food processing space including freezers, coolers, cooking and dry storage areas plus approximately ±10,000 SF of air conditioned warehouse. The building was built in1984 and was Boston Market’s main south Florida commissary during the 1990’s. The acquisition by Murvest took over a year to complete.
The acquisition by Murvest took over a year to complete. “We are very pleased to have finally acquired the property, originally one of the most well designed USDA plants in south Florida,” said John Murphy, Murvest’s owner. “While there is much work yet to be done we are confident the facility will serve our needs well”, he said.
“The industrial market is certainly improving even for specialized buildings such as this one and both buyer and seller representation assignments are increasing for CRE”, stated Rauch. Robertson added, “We worked long and hard to complete this transaction and a lot of credit should be given to the buyer and seller for completing a difficult sale.”
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