GLL Real Estate Partners buys industrial facility in Florida for $30m

GLL Real Estate Partners bought an industrial facility in Weston, Florida, for about $30m. Located in the Weston Park of Commerce, the 226,400 sq ft facility changed hands for just over $132 per sq ft. The facility is currently 100 percent leased to two tenants. Half the building serves as the headquarters for Vital Pharmaceuticals, which makes sports beverages and supplements. The other half is leased to snack food and beverage distributor Mondelez International. GLL is the real estate equity investment arm of Macquarie Infrastructure and Real Assets, a division of the Macquarie Group. CBRE represented the sellers, Becknell Industrial and an institutional partner.