Developers close on land, begin on $125M distribution center in Pembroke Pines
After closing on its 60-acre development site in Pembroke Pines last week for $14.25 million, joint venture partners Core5 Industrial Partners and Helms Development are moving forward with their plans for a distribution center that could cost up to $125 million.
Atlanta-based Core5 and Florida-based Helms expect to break ground in early April on a 750,000-square-foot spec industrial project called the South Florida Distribution Center in Pembroke Pines, a project that would replace a former state women’s prison at 20421 Sheridan Street, developer Scott Helms told The Real Deal.
The three-building development will be broken up into phases, the first of which is a roughly 240,000-square-foot Class A building that will be completed by the end of the year. Helms said asbestos abatement is underway with a full demolition of the buildings planned for next week, and utility work and construction work planned for the next several weeks.