The facility, bought by West Parkway Realty LLC, is located in the West Boynton area of Boynton Beach and was completed in 2021.

Effective rent in South Florida rose 25.2% year over year due to an influx of corporate migration and new residents.

The portfolio consists of 402,000 square feet across all of the assets ranging from 5,500 square feet to 78,7000 square feet.

There's a large amount of speculative construction underway that is expected to be absorbed quickly.

SMITH Commercial Real Estate Group aims to focus on tenant, landlord and investment representation and the research and analysis of industrial dry and cold storage investments.

The seller is a JV between Avanti Residential and KKR Real Estate. The buyer is Denver-based investor Jason McCool.

Assembly Innovation Park is a 485,00-square-foot tower under development by BioMed Realty.

Forum Capital Advisors secured the loan with Bank OZK.