Kurv Industrial Buys East Pompano Industrial Center for

Kurv Industrial acquired the East Pompano Industrial Center for $219.7 million. The property is an 818,611-square-foot warehouse park in Pompano Beach, Florida.

The seller was QuadReal Property Group. The park is slightly more than 50% leased. Kurv plans to rebrand the asset as Kurv Pompano and pursue capital improvements, spec office buildouts, and energy-efficient upgrades to enhance the property and accelerate lease-up.

The acquisition is part of Kurv Industrial’s previously announced $789 million joint venture with Canada Pension Plan Investment Board (CPP Investments).