Broward county commissioners have twice deferred a vote on the project. A rehearing is scheduled for Tuesday.

"Negotiations are proceeding in a favorable manner," Greystar partner Pryce Elam tells GlobeSt.com. "We have the property under contract, with closing predicated on getting the plat approved.

Greystar plans to build 598,000 sf of spec bulk industrial product in five buildings over two phases. The first phase will consist of three buildings containing about 350,000 sf, with bay depths ranging from 150 to 200 feet.

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