First Industrial Realty Trust’s First 95 Distribution Center Under Way In Pompano Beach In South Florida
First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, is under construction on its 141,000 square-foot First 95 Distribution Center in Pompano Beach in South Florida.
Located along the west side of I-95, just north of Atlantic Boulevard at 1200 NW 15th Street, the building features direct interstate frontage along one of Florida’s primary thoroughfares, with an average of more than 300,000 vehicles passing by each day. The property also sits just 2 miles east of Florida’s Turnpike, 13 miles north of Fort Lauderdale-Hollywood International Airport, 37 miles north of Miami International Airport and 37 miles north of the Port of Miami.
Slated for completion by the third quarter of 2021, the building will feature 36’ clear heights, ample truck and car parking and easy access to I-95 and the Florida Turnpike via Atlantic Avenue and from Copans Road. Total estimated investment for the building is approximately $22 million.
“First 95 Distribution Center will be the perfect logistics home for a range of businesses that require a modern facility with efficient access and substantial parking, along with high profile visibility along I-95,” said Chris Willson, senior regional director for First Industrial. “The building can serve multiple tenants or a single tenant who prefers to control the whole facility and fence off its operations. We look forward to delivering this great addition to our portfolio as we expand our investment in the vibrant and growing South Florida market.”
Mr. Willson and Brad Kluever, regional director, are leading First Industrial’s efforts on the project. The CBRE team of Larry Genet, Tom O’Loughlin, Jake Zebede and Lana Horton are assisting First Industrial with leasing.
First Industrial has been investing in expanding its presence in South Florida as well as in the Orlando market. First Industrial recently completed and leased to a single tenant its three-building, 377,000 square-foot First Cypress Commerce Center in Fort Lauderdale. Construction is also under way on three buildings at its First Park Miami project totaling 592,000 square feet. Additionally, First Industrial has approximately 86 acres in its Florida land bank which includes 329,000 square feet developable at its First Loop Logistics Park in Kissimmee and 131,000 square feet at FirstGate Logistics Center in Margate.
To learn more about First 95 Distribution Center, click here to take a virtual tour. For additional information on First Industrial’s Florida projects, contact Chris Willson, senior regional director of First Industrial, at firstname.lastname@example.org.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of December 31, 2020, including 2.7 million square feet in Florida. For more information, please visit us at www.firstindustrial.com.
Contact: Art Harmon, Vice President, Investor Relations and Marketing - (312) 344-4320