BBX Logistics Properties Announces Venture with PCCP, LLC to Develop Over 600,000 Square Foot Logistics Park over 40 Acres in Delray Beach, Florida

BBX Logistics Properties, a logistics development firm, has announced a joint venture with PCCP to acquire land in Delray Beach, Florida for the development of BBX Park at Delray, a logistics facility comprising three buildings. The initial phase will involve the construction of a 200,000 square foot building, with plans for two additional buildings in the future. The joint venture aims to attract tenants catering to the community and incorporate sustainable initiatives. Debt financing is expected to be obtained and construction to commence in Q1 2024. BBX Capital Real Estate has contributed $2.9 million to the venture.

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Frequently Asked Questions

Q: What is the announcement made by BBX Logistics Properties?

A: BBX Logistics Properties announced a venture with PCCP, LLC to develop over a 600,000 square foot logistics park over 40 acres in Delray Beach, Florida.

Q: Who is BBX Logistics Properties partnering with for the venture?

A: BBX Logistics Properties is partnering with PCCP, LLC for the venture.

Q: Where will the logistics park be developed?

A: The logistics park will be developed in Delray Beach, Florida.

Q: How big will the logistics park be?

A: The logistics park will be over 600,000 square feet in size, spread over 40 acres.

Q: Where can I find more information about the announcement?

A: You can find more information about the announcement on Yahoo Finance by following this link to Yahoo Finance article.