The buildings, part of the South Florida Industrial portfolio, are in three locations: the McNab Business Park, 10300-10458 West McNab Road, Tamarac; Tamarac Business Center, 6200-6320 North Hiatus Road, Tamarac; and Park of Commerce, 6400-6500 Park of Commerce Blvd, Boca Raton.
“This is prime industrial property which is in high demand in South Florida,” said Mike Davis, executive director for capital markets in Cushman & Wakefield’s Tampa office. “It is more than 92 percent occupied.”
The buyer, according to Davis, was Exeter Property Group, a real estate investment management firm specializing in the acquisition, development, leasing, and management of industrial and related business park properties across the U.S.
The sale price for the properties was not disclosed.