Morgan Stanley-backed fund completes sale of Pompano Beach industrial park for 124.5 million dollars reflecting strong market demand

Broward County, Florida – Morgan Stanley-backed investment activity in Broward County continues to draw attention after a major industrial property sale in Pompano Beach. A fund managed by Morgan Stanley Real Estate Advisor’s Prime Property Fund recently sold the Bridge Point Powerline Road industrial park for $124.5 million, reflecting strong demand for industrial real estate in the area.

The property, located at 1971–1991 North Powerline Road, consists of three modern warehouse buildings totaling 467,722 square feet. The seller, PPF Industrial 1971–1991 NW Powerline Road LLC, had owned the property since 2019, when it was purchased for $68.95 million. The recent sale nearly doubles the value of the property in just six years, highlighting the rapid growth in industrial rents and demand across Broward County.

The buyer, CenterPoint Powerline LLC, is an affiliate of CenterPoint Properties, based in Oak Brook, Illinois. The transaction equates to approximately $266 per square foot, underscoring the market’s willingness to pay a premium for strategically located industrial space with modern features.

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Developed by Bridge Industrial, the warehouses sit on a 29.3-acre site near Copans Road and feature 32-foot clear heights, a specification increasingly sought by logistics and distribution companies. The property’s size, configuration, and location make it particularly appealing to tenants looking for efficient and flexible industrial space. Current market listings suggest asking rents for comparable space are around $17.50 per square foot, reflecting the sector’s strong leasing momentum.

Industry experts say the sale illustrates broader trends in Broward County’s industrial real estate market. Over the past several years, industrial demand has been driven by e-commerce growth, supply chain expansion, and a shortage of modern warehouse space. Properties like Bridge Point Powerline Road, offering high clear heights, ample acreage, and strategic positioning near major highways, are commanding record pricing.

“The sale of Bridge Point Powerline Road reflects not only the quality of the property itself but also the ongoing strength and stability of the industrial market in Broward County,” said a spokesperson familiar with the transaction. “Industrial assets with modern specifications continue to attract institutional capital and high levels of tenant interest.”

The deal also underscores Morgan Stanley’s ongoing strategy of investing in high-quality industrial properties, improving them, and positioning them for value growth. Over time, these properties have proven resilient, attracting both institutional buyers and private investors seeking long-term income and appreciation potential.

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For CenterPoint Properties, the acquisition adds to a growing portfolio of industrial assets nationwide. With a focus on strategically located, high-quality warehouses, the company continues to capitalize on demand from logistics, distribution, and e-commerce tenants, particularly in fast-growing South Florida markets.

As Broward County continues to see expansion in the industrial sector, the Bridge Point Powerline Road sale demonstrates both the investment appeal of modern warehouse properties and the accelerating pace of industrial rent growth. Investors and developers alike are closely watching the market, as demand shows no sign of slowing.

With nearly doubling in value in just six years, the Pompano Beach industrial park deal is emblematic of the broader national trend of institutional investment in industrial real estate, where scarcity of modern space and strategic location continue to drive significant returns for sellers and investors.