Welcome to Jennifer D'Ambrosio, Executive Assistant at BBX Logistics Properties! Jennifer brings a wealth of experience from supporting executives at Bank of America and SIXT Rent a Car. We are thrilled to have Jennifer on board as she assists our President, Mark Levy, and Managing Director, Justin Dunn. Here's to new beginnings and continued success! 🌟 #Welcome #ExecutiveAssistant #NewTeamMember
BBX Logistics Properties
Real Estate
Fort Lauderdale, Florida 1,192 followers
Delivering best-in-class logistics facilities throughout Florida and the Eastern United States
About us
BBX Logistics Properties is a speculative and build-to-suit industrial real estate development company formed to meet the next generation of e-commerce and last mile distribution. Led by highly tenured industry professionals with a disciplined focus on Florida and other key Eastern seaboard markets, BBX Logistics Properties focuses on developing best-in-class, state-of the-art warehousing and distribution centers. These strategic infill locations are marked by population growth, rapid e-commerce adoption, and supply constraints to meet the quickly evolving needs of the industry and marketplace.
- Website
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http://www.bbxlogisticsproperties.com
External link for BBX Logistics Properties
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Fort Lauderdale, Florida
- Type
- Public Company
- Founded
- 2021
- Specialties
- Site Selection, Planning and Due Dilegence, Entitlement Procurement , Management and Oversight, Master Planning, Project Construction, and Leasing and Asset Management
Locations
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Primary
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201 E Las Olas Blvd
Suite 1900
Fort Lauderdale, Florida 33301, US
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Orlando , Fl, US
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Malvern, PA, US
Employees at BBX Logistics Properties
Updates
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Great assessment of the current opportunity in the small bay segment by our own Shubham Aggarwal.
Small Bay Leads the Way! Yet another report hails the impressive rent growth of small bay warehouses in South Florida. Newer small bay warehouses (built in 2010 or after and under 50,000 SF) have seen average rents grow by 20% over the last year, outpacing their larger counterparts. Industrial leasing activity in South Florida is being dominated by properties in the 10,000 SF - 50,000 SF range, and given the bleak supply outlook for this size range, rents in this segment are expected to keep growing. With all the hullabaloo regarding small bay warehouses, the question must be asked: why aren't developers building more small bay warehouses? Since 2019, the square footage of larger warehouses in South Florida has increased by more than 35%, while small bay inventory has increased by less than 1%. I believe one of the largest impediments to small bay development is the inability to achieve economies of scale. With high construction costs and ever-increasing land values, the costs per square foot for small bay are significantly higher than traditional warehouse development. Even though rents are at a premium, these deals are difficult to underwrite in a challenging capital markets environment. Moreover, although the costs per square foot are high for small bay warehouses, the total project costs are relatively small, often too small for large institutional investors. Deploying capital in check sizes ranging from $5M - $10M would be a cumbersome way for institutional groups to hit their deployment goals. Additionally, while small bay spaces are attracting a large demand pool of tenants, small bay tenants typically have lower credit than the average larger tenant, which is another unfavorable attribute for institutional investors. Although there are several obstacles to small bay development, I believe that developers will find a way to crack the code as the demand for this product is too strong to ignore.
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Thank you to the Real Deal for the coverage of The Park at Davie and our continued outstanding partnership with FRP. This acquisition personifies our market-leading strategy of acquiring best-in-class urban infill assets for redevelopment. #RealEstate #Partnership #UrbanRedevelopment
BBX Capital, FRP Plan Warehouses at Davie’s Signature Grand
therealdeal.com
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Happy 4th of July from BBX Logistics Properties! Wishing you a day filled with pride, honor, and celebration. #bbxlogisticsproperties #celebrateAmerica
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Thank you to the Miami Herald, South Florida Sun Sentinel, South Florida Business Journal, WPLG ABC 10, and the Commercial Property Executive for the extensive coverage on our most recent acquisition.
Signature Grand, a special-events destination, expected to become warehouses in Davie
https://www.sun-sentinel.com
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BBX Logistics Properties and FRP Development Corp, a Jacksonville-based full-service real estate investment and development company, announced today the successful acquisition of Signature Grand in Davie, FL. A joint venture between BBX Logistics Properties and FRP Development Corp intends to redevelop the 11.3-acre site into The Park at Davie, consisting of two buildings and approximately 182,000 square feet of logistics space. The project’s location, just south of State Road 84 between University Drive and Davie Road, offers visibility and convenient access to major transportation arteries, including Florida Turnpike, I-595, I-95, and I-75. Its proximity to the Fort Lauderdale-Hollywood International Airport and Port Everglades, combined with its location relative to Miami and Palm Beach, positions the park as a potential pivotal hub for logistics operations in South Florida, such as last-mile direct-to-consumer distribution. The initial phase of construction is expected to commence in the fourth quarter of 2024 and be completed in 2025.
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Thank you, U.S. Chamber of Commerce, for including BBX Logistics Properties in its consumer sentiment forecasts and the effects on logistics outlook. Our team's extensive development experience in various Eastern U.S. markets provides us with valuable insights. #Logistics #ConsumerSentiment #MarketOutlook
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Nominal retail sales saw a slight increase of 0.1 percent in May, following a 0.2 percent decline in April. Real retail sales, adjusted for inflation, also rose by 0.1 percent in May after a significant 0.5 percent drop in April. However, real retail sales were down by 1.2 percent annually from Q1 over the April-May period, indicating a continued weakness in consumer spending, particularly on goods, in Q2. This trend has notably impacted major upscale retailers like Nordstrom, Neiman Marcus, Saks Fifth Avenue, and Bloomingdale's. These retailers are grappling with a backlog of inventory and are resorting to deep discounts, loyalty credits, and other incentives to attract consumers back. Conversations with industrial real estate occupiers suggest that the sluggish spending is expected to persist through 2024 and into mid-2025. The strain on consumer disposable income, coupled with slow wage growth, is anticipated to prolong the challenges faced by retailers in the foreseeable future. #RetailSales #ConsumerSpending #EconomicTrends
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Congratulations to our partners at Altman for receiving this prestigious award!
🌟 Exciting News at The Altman Companies! 🌟 We are thrilled and honored to announce that The Altman Companies has been recognized as one of the top 25 General Contractors and Construction Companies by The South Florida Business Journal. This achievement reflects our commitment to excellence, innovation, and customer satisfaction in the construction industry. At Altman, we take pride in our dedicated team of professionals who consistently deliver high-quality projects and exceed client expectations. This recognition motivates us to continue pushing boundaries and setting new standards in construction. We extend our heartfelt thanks to our clients, partners, and everyone who has supported us on this journey. Your trust and collaboration are integral to our success. Cheers to achieving milestones together and striving for even greater accomplishments in the future! #TheAltmanCompanies #ConstructionExcellence #SouthFloridaBusinessJournal #Top25Contractors #Achievement #Teamwork #OneAltman #GeneralContractors
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