Prologis sold a warehouse in Tamarac for $25.72 million.
The 285,600-square-foot warehouse at 9439 West Commercial Boulevard traded hands for about $90 per square foot. The buyer is a company tied to New York Life Investments, which operates as the investment management arm of the U.S. insurer New York Life Insurance Company.
The distribution center was originally owned by KTR Capital Partners, which paid $13.5 million for the property in 2006, records show. KTR was acquired by Prologis and Norway’s sovereign wealth fund in 2015 for $5.9 billion.
