Kurv Industrial announced on April 2 the purchase of a Pompano Beach warehouse portfolio for $219.7 million, marking South Florida’s largest industrial property sale so far this year.
The acquisition highlights continued strong interest in South Florida’s industrial real estate market, with significant capital flowing into the region and multiple large-scale transactions taking place in recent weeks.
According to records and data from Vizzda, three affiliates of Chicago-based Kurv Industrial, led by Steve Poulos, bought the East Pompano Industrial Center—a group of five warehouses totaling 819,800 square feet. The purchase was financed with a $154.8 million mortgage from AREEIF Lender. The deal breaks down to about $268 per square foot.
The newly acquired buildings are being rebranded as Kurv Pompano and are located at 1260 Northeast 48th Street, 1240 Northeast 48th Street, and 1300 Northeast 48th Street. Vancouver-based QuadReal Property Group, led by Dennis Lopez, sold the properties to Kurv through three separate transactions: two buildings completed in 2020 were sold for $122.5 million; two warehouses built in 2023 went for $93.1 million; and a facility finished in 1993 was purchased for $4.5 million.
Records show that QuadReal had previously paid a combined $25.9 million for these properties in 2017—meaning the latest sale price reflects a gain of about 748 percent over its last trade.
Other major players have also been active recently: Blackstone made headlines with its own $163.1 million acquisition of a Pompano Beach warehouse portfolio earlier this week.
Kurv has established itself as an aggressive investor in South Florida’s industrial sector over recent years. In February, it secured a $56.7 million construction loan to redevelop a Doral corporate campus into two warehouses covering nearly 269,000 square feet; it also paid $45.4 million for the former Corporate Park of Doral site last year and is converting Ryder System’s former headquarters near Doral into an industrial complex after obtaining another substantial construction loan.
