BBX Logistics Properties, the logistics development subsidiary of BBX Capital Real Estate and BBX Capital Inc., and FRP Development Corp have acquired Signature Grand in Davie, Florida. A joint venture between the two companies 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.
“We are excited to partner with FRP Development Corp on another joint venture,” said Seth Wise, chairman of BBX Logistics Properties. “The Park at Davie is planned to provide modern logistics solutions that address the increasing needs of the market and Fort Lauderdale-Hollywood International Airport and Port Everglades. We look forward to contributing to the economic growth of Davie and the broader South Florida region.”
The initial phase of construction is currently expected to commence in the fourth quarter of 2024 with completion anticipated in 2025.
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 to become a pivotal hub for logistics operations in South Florida such as last-mile direct-to-consumer distribution.
“This venture underscores our shared commitment to economic growth and supply chain excellence in the region. Together, we look forward to delivering a world-class facility that is planned to serve as a cornerstone for logistics excellence in South Florida,” said David deVilliers III, executive vice president of FRP Development Corp.
BBX Logistics Properties and FRP recently announced another joint venture to develop The Park at Lakeland, which is expected to consist of approximately 213,500 square feet of logistics space on 22.5 acres in Lakeland, Florida.
