Liberty Property Trust buys 28-acre industrial site in Dania Beach

A subsidiary of Liberty Property Trust bought a 28-acre industrial site in Dania Beach from the City of Fort Lauderdale. Colliers International South Florida represented the city in the $13.9m sale. Located just south of Interstate 595 and minutes from Interstate 95 and Florida’s turnpike, the site received five bids ranging from $12m to $13.9m. The buyer intends to build Liberty 595 Distribution Center, a 300,000 sq ft class A industrial distribution space on the land. The property once served as a composting site for the City of Fort Lauderdale and was later used by the city’s public works department.

“Liberty views this site as one of the most strategically located warehouse and distribution sites in the South Florida marketplace,” said Andy Petry of Liberty Property Trust. “This location offers our tenants unparalleled access to Port Everglades, the Fort Lauderdale/Hollywood International Airport, and to all of Dade, Broward and Palm Beach Counties via Interstate 595 to Interstates 95 and 75 and the Florida Turnpike. There is no other location in South Florida with such immediate access to the primary road network.”