BBX Logistics, PCCP Buy 40 Acres to Build Industrial Park

BBX Logistics Properties and PCCP have purchased a 40-acre parcel in Delray Beach, Florida for $25 million. The joint venture plans to construct a three-building industrial complex called BBX Park at Delray, with each warehouse spanning about 200,000 square feet. Construction is set to begin in Q1 2024 after securing financing. BBX has already contributed $2.9 million and plans to provide an additional $2.5 million. PCCP has $22.5 billion in assets under management.

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BBX Logistics, PCCP Buy 40 Acres to Build Industrial Park

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