Foundry Commercial Named Developer for Cypress Pointe Distribution Center in Pompano Beach
Posted on September 11, 2019
Pompano Beach, Fla. (September 11, 2019) – Foundry Commercial, the multi-market commercial real estate firm with offices across the Southeast and Texas, was named developer of the Cypress Pointe Distribution Center.
Foundry expects to break ground in the second quarter of 2020 on this single 150,000-square foot speculative industrial development. The Cypress Pointe Distribution Center marks the 11th industrial development project for Foundry Commercial in the past four years. With this project, Foundry Commercial now has more than 9 million square feet of industrial projects at various stages of development, valued at more than $1 billion.
“Foundry Commercial has quickly become one of the most active developers in the southeastern United States, working closely with partners to identify projects that fill a need and developing a portfolio of projects that bring jobs and distribution space to clients and tenants in this burgeoning region,” stated Ford Gibson, Foundry’s Managing Director of Development & Investments.
Foundry Commercial was recently named the top commercial real estate developer by the South Florida Business Journal. Other projects underway and recently completed include the Carrie Meek International Business Park in Opa Locka and Miami Central Commons (formerly the Miami Free Zone) in Doral.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 300 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than one billion in advantaged investment opportunities with their JV partners. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management-led buyout. For more information, visit www.foundrycommercial.com.