Coral Springs Distribution Center Sells

CORAL SPRINGS - Coral Vutec Properties LLC, has recently purchased the AMB Coral Distribution Center in Coral Springs. The purchase price was around $5.3 million, or just under $50 per square foot.
Coral Vutec Properties is a manufacturer of fluorescent light guards and other products.
They are in based in Pompano Beach and bought the 106,600-square-foot building on nine acres at West Sample Road and Coral Ridge Drive from AMB Fund III Mosaic LLC.
This locale is at a Commercial Signalized Corner.
This building was constructed in 1996 and was last sold for $9.5 million in December 2006.
Harry Tangalakis, senior vice president with CB Richard Ellis in Fort Lauderdale,
and Tom O’Laughlin, associate with CBRE’s Fort Lauderdale office, represented the buyer in this transaction. Tangalakis, a consistent top producer, has been involved in excess of 600 lease transactions.
Steve Wasserman and David Wigoda of Colliers Abood Wood-Fay represented the Seller.