Granite REIT Acquires Coral Springs Logistics Center in Broward County, Florida, Facilitated by JLL Capital Markets

Reuters

2025/07/02

Granite REIT Acquires Coral Springs Logistics Center in Broward County, Florida, Facilitated by JLL Capital Markets

Jones Lang LaSalle Inc. $(JLL)$ Capital Markets has announced the successful sale of the Coral Springs Logistics Center in Broward County, Florida. The transaction involved Granite REIT acquiring the 124,500-square-foot industrial property, which consists of two buildings completed in 2021. The facility is fully leased to Exclusive Trim, Inc. and Marc Refrigeration. JLL represented the sellers, a venture between Barings Real Estate and Arkadia Property Group. The sale highlights the appeal of Class A industrial assets in a supply-constrained market, with Broward County noted for its low vacancy rates and strong rent growth. The logistics center is strategically located near major highways, offering significant last-mile logistics capabilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on July 02, 2025, and is solely responsible for the information contained therein.

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The transaction involved Granite REIT acquiring the 124,500-square-foot industrial property, which consists of two buildings completed in 2021. The facility is fully leased to Exclusive Trim, Inc. and Marc Refrigeration. JLL represented the sellers, a venture between Barings Real Estate and Arkadia Property Group. The sale highlights the appeal of Class A industrial assets in a supply-constrained market, with Broward County noted for its low vacancy rates and strong rent growth. The logistics center is strategically located near major highways, offering significant last-mile logistics capabilities.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JLL","symbol_name":"仲量聯行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL2hcQh4:1","article_id":"2548816243","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548816243","pubTimestamp":1751471327,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jones Lang LaSalle Inc.  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