Tag Archive for: blackrock

warehouse construction plans_86916660_s

Butters Construction & Development broke ground on a warehouse in Tamarac after securing a $26 million construction loan.

TD Bank provided the mortgage to Hiatus Industrial Venture LLC, a joint venture between Coconut Creek-based Butters and New York-based BlackRock. It covers the 12.55-acre site at 5601 N. Hiatus Road. The site is just off the Sawgrass Expressway near the Commercial Boulevard exit.

Butters Construction & Development will build a warehouse at 5601 N. Hiatus Road, Tamarac, for Sonny’s Enterprises. (RENDERING CREDIT: RLC ARCHITECTS)

Butters already announced a tenant for the 201,000-square-foot warehouse there. Sonny’s Enterprises, a manufacturer of car wash equipment, will occupy the entire space as its headquarters and distribution facility. The company currently has several locations in Tamarac.

The developer purchased the property for $16.23 million in 2021 and demolished an office building there.


Source: SFBJ