Tishman Speyer acquired the Rock Lake Business Center, a 35-acre industrial property in Pompano Beach, FL, from IDI Logistics for $100.1 million.
Constructed in 2020, the Class-A property located at 3150-3250 NW 33rd Street consists of two 100% leased warehouse buildings encompassing a combined 256,000 square feet. The property features conditioned warehouse space, 32-foot clear heights, 185’ shared truck courts, 84 dock high and drive-in doors, and 690 car and van parking spots. The location offers frontage along the Florida Turnpike and immediate access to I-95. Additionally, the site allows for future development of an additional 243,000 square feet of development across two rear-load buildings.
Tishman Speyer launched its industrial platform in 2021 as part of its effort to grow and diversify its global portfolio. In the US, the portfolio includes investments in Orange County, Boston, and San Francisco. IDI touts a long track record of speculative development,
build-to-suits and value-add acquisitions.
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