First Industrial Aims To Build Distribution Warehouses In Pompano Beach

First Industrial Realty Trust aims to build two distribution warehouses in Pompano Beach, which has seen a flurry of industrial development recently.

The city’s Planning and Zoning Board will consider the plat application for the 19.4-acre site at 1001 and 1021 N.W. 12th Terrace on Oct. 28. It’s just west of Interstate 95.

FR NW 12 Terrace LLC, part of Chicago-based First Industrial Realty Trust (NYSE: FR), acquired the property for $19.8 million in 2019. It currently has 31,467 square feet of industrial buildings, which would be demolished.

The plat calls for two distribution warehouses totaling up to 500,000 square feet. It would be an expansion of First 95 Distribution Center, which will be delivered in early 2021 with 141,450 square feet.

Officials with planning firm Keith, which represents First Industrial in the application, declined comment.

Other pending industrial projects in Pompano Beach include the addition of industrial space to the redevelopment of the Isle Casino and an Amazon.com delivery station near Florida’s Turnpike. There’s been strong demand for space from e-commerce distributors during the Covid-19 pandemic as more people shop online.

 

Source: SFBJ