Thank you for sharing!

Your article was successfully shared with the contacts you provided.

POMPANO BEACH-Palshua Realty LLC has purchased the Suncoast building here from Suncoast Industrial Equipment Inc. for $1.1 million. The sale price equates to approximately $77.85 per sf for the freestanding industrial building.

Palshua Realty plans to use the building, located at 2230 NW 22nd St., to house an artwork frame manufacturing operation. Plans call for Munn Frameworks, a company affiliated with Palshua Realty, to occupy the building, which has a total of 14,000 sf.

Suncoast Industrial Equipment is a forklift company that vacated the premises upon the closing of the property sale. The company is relocating outside the area, according to a spokesman for Stagman Commercial Real Estate Advisors, a brokerage involved in the sale.

Jason T. Stagman of Boca Raton, FL-based Stagman Commercial Real Estate Advisors represented Palshua Realty LLC in the transaction. Steven Wasserman of Colliers International represented Suncoast Industrial Equipment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.