Halliday Group Sells Development Site In Dania Beach To Medical Wholesaler
A Fort Lauderdale commercial real estate firm sold a development site in Dania Beach to a medical wholesaler for $7.5 million, property records show.
Q-Med Corporation, a wholesale distributor of medical, surgical, dental and laboratory products, paid $18 per square foot for 9-acre site at 2281 Griffin Road.
The seller is a company controlled by the Halliday Group, a Fort Lauderdale-based commercial real estate company. Records show it purchased the property in 2005 for $3.1 million, which means the firm more than doubled its investment.
Q-Med operates out of a 104,000-square-foot distribution center in Fort Lauderdale at 3801 Southwest 30th Avenue, where it supplies more than 9,000 products to distributors and retailers worldwide, according to its website.
A number of new developments are planned in Dania Beach, including Kimco Realty Corp.’s $1 billion Dania Pointe, a shopping and entertainment center under construction just east of Interstate 95, and Dev Motwani’s 300-unit million multifamily project planned for the corner of Dania Beach Boulevard and Federal Highway.
Source: The Real Deal