Kurv Industrial announced on April 2 that it has acquired a portfolio of warehouses in Pompano Beach for $219.7 million, marking the largest industrial real estate transaction in South Florida so far this year.
The purchase highlights growing investor interest in South Florida’s warehouse market, which has seen significant capital inflows and rising property values.
According to records and the real estate database Vizzda, three affiliates of Chicago-based Kurv Industrial, led by Steve Poulos, bought the East Pompano Industrial Center. The collection includes five warehouses totaling 819,800 square feet and was financed with a $154.8 million mortgage from AREEIF Lender. The price averages out to $268 per square foot.
The buildings are located at 1260 Northeast 48th Street, 1240 Northeast 48th Street, and 1300 Northeast 48th Street and will be rebranded as Kurv Pompano. Vancouver-based QuadReal Property Group, led by Dennis Lopez, sold the properties to Kurv through three separate transactions: two buildings completed in 2020 for $122.5 million; two warehouses built in 2023 for $93.1 million; and one facility completed in 1993 for $4.5 million.
Records show that QuadReal originally paid a combined $25.9 million for these properties in 2017—a sale price increase of approximately 748 percent over seven years.
Other major players are also investing heavily in the region’s industrial sector; Blackstone recently purchased a separate Pompano Beach warehouse portfolio for $163.1 million.
Kurv Industrial has been active across South Florida beyond this deal: In February it secured a $56.7 million construction loan to redevelop a Doral corporate campus into two new warehouses totaling nearly 269,000 square feet and paid $45.4 million earlier this year for another site known as Corporate Park of Doral. The company is also converting the former Ryder System headquarters near Doral into an industrial complex with a recent construction loan of $53 million.
These transactions reflect ongoing demand from institutional investors seeking large-scale assets within South Florida’s growing logistics and distribution hub.
