Foundry, Wheelock pay $66M for shuttered Pompano Beach flea market
Foundry Commercial and Wheelock Capital are teaming up to convert a shuttered indoor flea market in Pompano Beach into an industrial complex. Orlando-based Foundry, led by Paul Ellis, and Greenwich, Connecticut-based Wheelock, led by Rick Kleeman and Jonathan Paul, paid $66 million for the 26-acre Festival Marketplace at 2900 West Sample Road, according to a press release. An affiliate of Yoram Izhak’s North Miami-based IMC Equity Group sold the property for $10 million above the previous sale price seven years ago. In 2018, the IMC affiliate paid $56 million for it, records show. Three years later, IMC sold a parking […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Fly-by-wire: Why AI governance is instrumentation, not insurance
Support starter homes, not looser lending or financial fixes
$20 Million Tennessee Compound Comes with a Music Studio, Helipad—and Its Own Wedding Venue
Frank Lloyd Wright-Inspired Home Tucked Away on 5 Wooded Acres Is Listed for $1.23 Million Near Portland
South Florida Dirt: A timeline of how Mana turned $70M into over $1B
Waterfront ‘Taj Mahal’ on Mississippi’s ‘Secret Coast’ Returns to the Market With $2.5 Million Price Tag
Four Seasons Targets Lake Austin for Its First Residential Complex, Defying Market Softness
How Craftsman Architecture Created a Highly Sought-After Style of Home To Rebel Against Mass Production
What’s next for housing: 7%, 8% or 9% mortgage rates?
REVEALED: All the Celebrities Who Have Flocked to Nashville in Pursuit of a Slower Life—and Fewer Paparazzi
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131