JV to Build 750 KSF Office/Warehouse Park in South Florida
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South Florida Distribution Center rendering
Pembroke Pines, Fla.—Core5 Industrial Partners and Helms Development have announced the acquisition of a 60-acre parcel at 20421 Sheridan St. in Pembroke Pines, Fla. This acquisition marks Core5’s entry into Florida and will be the first project for the newly-formed Helms Development. CBRE’s team of Larry Dinner, Larry Genet and Tom O’Loughlin will handle leasing.
The joint venture plans to transform the property into a distribution park named South Florida Distribution Center, which will house 750,000 square feet of Class A office and warehouse space among three buildings. Construction on the first phase of the project, a speculative 223,008-square-foot building, will begin in April 2017. The site is one of the last remaining in Southwest Broward to offer build-to-suit options for larger users and a distinctive advantage with trailer parking—an option no other property has…
