Northbridge drops $82M on industrial campus amid soft Broward market

Northbridge Partners bought an industrial campus for $81.5 million, marking a major investment in Broward County as the market softens. Wakefield, Massachusetts-based Northbridge bought the 359,500-square-foot Elevate Broward at 3435-3699 Northwest 19th Street and 1814-1896 Northwest 38th Avenue from Birmingham, Alabama-based Harbert Management, according to records and real estate database Vizzda. The deal breaks down to nearly $227 per square foot.  Elevate Broward consists of 11 one-story contiguous buildings completed in 1973, 1977 and 1978 on a17-acres site, Vizzda records show. Harbert Management, led by CEO Travis Pritchett, had paid $65.8 million in two deals in 2023, according to records.  […]This article originally appeared on The Real Deal. Click here to read the full story.