E-commerce has attracted warehouse developers to an unlikely business prospect: turning old golf courses into distribution centers.
First 95 Distribution Center will be on 8.4 acres at 1200 N.W. 15th St., which is just north of Atlantic Boulevard. The aim is to complete the 141,000-square-foot warehouse with 36-foot clear height in the third quarter of 2021.
According to a new report from Cushman & Wakefield, due to the lack of available and higher priced Class A industiral product, investors are now targeting Class B, and in some cases Class C, seeking higher yields/returns—especially from those assets located near populated urban areas. CLICK ON THE HEADLINE FOR MORE