A teachers pension fund buys the build-to-suit center from the developer, Levine Properties.
June 06, 2014 at 12:00 AM
1 minute read
FedEx Ground’s distribution center in Pompano Beach traded in a $50.53 million deal between Charlotte, N.C.-based TIAA-CREF and site developer Levine Properties.
Levine Properties developed the 279,269-square-foot warehouse complex 2700 NW 25th St. in 2006 as a build-to-suit for FedEx Ground, which holds a net lease for the center northeast of Florida’s Turnpike and Copans Road.
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