Tag Archive for: first industrial realty trust

First Industrial Plans Warehouse In Margate

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First Industrial Realty Trust continues to bet big on South Floridaā€™s industrial market, this time with a warehouse proposal in Margate.

First Industrial Realty Trust wants to build FirstGate Commerce Center in Margate.
(IMAGE CREDIT: RLC ARCHITECTS)

The cityā€™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, couldnā€™t be reached for comment. The developer is working with RLC Architects and Sun-Tech Engineering on the project.

Thereā€™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 aĀ large warehouse projectĀ in neighboring Pompano Beach.

 

Source: SFBJ

First Industrial Aims To Build Distribution Warehouses In Pompano Beach

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

The cityā€™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. Itā€™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 theĀ redevelopment of the Isle CasinoĀ and an Amazon.comĀ delivery station near Floridaā€™s Turnpike. Thereā€™s been strong demand for space from e-commerce distributors during the Covid-19 pandemic as more people shop online.