[STRATEGIC] Industrial Real Estate ·
South Florida · Logistics / Last-Mile —
April 7, 2026 — CLOSED
Kurv Industrial Buys East Pompano
Industrial Center for $219.7M — South Florida's Largest Industrial Deal of 2026
Chicago-based Kurv Industrial — formerly known as Bridge
Industrial, the firm that pioneered Class A industrial development in
Miami-Dade and Broward County — acquires a five-building, 818,600 square foot
industrial portfolio in Pompano Beach for $219.7 million from Vancouver's
QuadReal Property Group, in the largest single industrial transaction in South
Florida this year and one of the largest in Broward County history.
DEAL SNAPSHOT
|
DEAL VALUE $219.7 Million ($268/sq
ft) |
ASSET East Pompano Industrial
Center — 5 buildings, 818,611 sq ft, 50%+ leased |
|
CLOSED April 7, 2026 |
FINANCING $154.8M mortgage from
AREEIF Lender + equity from CPP JV |
|
SELLER QuadReal Property Group
(Vancouver, Canada) |
REBRANDING Now Kurv Pompano —
planned capital improvements and spec buildouts |
THE PARTIES
|
ACQUIRER Kurv Industrial (formerly
Bridge Industrial) Chicago-based
private, vertically integrated industrial real estate investment and
operating firm. Led by CEO Steve Poulos. Formerly known as Bridge Industrial
— one of the most prolific industrial developers in South Florida, having
acquired 800+ acres across 24 South Florida transactions since 2012 and
developed 12 million+ square feet of Class A industrial space. Rebranded to
Kurv Industrial in 2025/2026. The East Pompano acquisition is part of a
previously announced $789 million joint venture with Canada Pension Plan
Investment Board (CPP Investments) — one of the largest private industrial
JVs in South Florida history. Acquisition financed with a $154.8 million
mortgage from AREEIF Lender, plus equity from the CPP JV. |
SELLER QuadReal Property Group
(Vancouver, Canada) Vancouver-based
global real estate investment, development, and operating company. Manages
approximately C$73 billion in real estate assets globally across office,
retail, industrial, residential, and mixed-use. QuadReal acquired the East
Pompano portfolio as a value-add industrial play and is now rotating capital
following a partial lease-up. At time of sale, the portfolio was over 50%
leased — providing immediate income while the remaining vacancy
(approximately 400,000+ square feet) represents significant mark-to-market
upside for Kurv as it executes its lease-up and capital improvement strategy.
Sale represented by CBRE National Partners. |
DEAL OVERVIEW
Kurv Industrial
acquired East Pompano Industrial Center from QuadReal Property Group for $219.7
million on April 7, 2026 — South Florida's largest industrial transaction of
the year. The portfolio comprises five warehouses totaling 818,611 square feet
in Pompano Beach, Broward County, anchored by four Class A rear-load facilities
with 32-foot clear heights (completed 2020-2023) plus a smaller 1993-vintage
building. The three separate property record transactions total $219.7 million:
$122.5 million for two buildings at 1260-1270 NE 48th Street; $93.5 million for
two warehouses at 1240-1250 NE 48th Street; and $4.5 million for the smaller
facility.
Following the
acquisition, the portfolio will be rebranded as Kurv Pompano and undergo
planned capital improvements including spec office buildouts, energy-efficient
upgrades, and common area improvements designed to accelerate lease-up of the
approximately 400,000+ square feet of available space. Located east of I-95
near North Dixie Highway, the property provides access to over 80% of South
Florida's population within a 60-minute drive and is strategically positioned
within Broward County's Pompano Beach submarket — the county's largest
industrial market.
"The East Pompano Industrial Center is precisely the kind of
high-quality, value-add industrial asset that fits our Kurv Pompano vision:
best-in-class buildings in the most supply-constrained submarket in South
Florida, with significant lease-up upside through active management."
— Steve Poulos,
CEO, Kurv Industrial
ADVISORS
Sell-side
(QuadReal): CBRE National Partners
Acquisition
Financing: AREEIF Lender ($154.8M
mortgage)
JV Partner:
CPP Investments (Canada Pension Plan)
— $789M South Florida industrial JV