First Industrial Realty Trust continues to bet big on South Florida’s industrial market, this time with a warehouse proposal in Margate.
The city’s Development Review Committee will consider the site plan for FirstGate Commerce Center on Nov. 10. The 9.3-acre property is at the northwest corner of Copans Road and Banks Road.
FR5355 Northwest 24th Street LLC, an affiliate of Chicago-based First Industrial Realty Trust, acquired the vacant site from AutoNation for $8.6 million in late 2019.
The site plan calls for a 131,680-square-foot warehouse with a 32-foot clear height, surrounded by 186 parking spaces.
Chris Willson, senior regional director at First Industrial, couldn’t be reached for comment. The developer is working with RLC Architects and Sun-Tech Engineering on the project.
There’s been strong demand for industrial space during the Covid-19 pandemic as the sectors of e-commerce and trade grow. First Industrial also has a large warehouse project in neighboring Pompano Beach.