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BBX Logistics Properties Partners With FRP Development Corp to Build The Park at Davie

The facility is expected to be completed in 2025

BBX Logistics Properties and FRP Development Corp unveiled the successful acquisition of the Signature Grand in Davie. The joint venture intends to redevelop the 11.3-acre site into The Park at Davie, which will consist 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,” Seth Wise says, Chairman of BBX Logistics Properties, a subsidiary of BBX Capital Real Estate. “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 site’s strategic location, just south of State Road 84 between University Drive and Davie Road, offers excellent visibility and easy access to major transportation routes, including Florida Turnpike, I-595, I-95 and I-75. Its proximity to the Fort Lauderdale-Hollywood International Airport and Port Everglades, along with its strategic position in relation to Miami and Palm Beach, positions the park to become a central hub for logistics operations in South Florida, including last-mile direct-to-consumer distribution.

“The acquisition of the Davie property is the culmination of an outstanding effort by our team to identify infill sites that are positioned to support best-in-class logistics properties,” Mark Levy says, President of BBX Logistics Properties. “Supply for modern logistics space is very limited, and we believe that space such as this is needed to serve regional consumer demand for speedier delivery. We are excited to work with the Town of Davie to bring this facility to fruition.”

Construction is set to begin in the fourth quarter of 2024, with an estimated completion date in 2025.

“We are thrilled to again partner with BBX Logistics Properties in the development of this Class A industrial property and expand our assets in Florida,” David deVilliers says, III, Executive Vice President of FRP Development Corp, a full-service real estate investment and development company based in Jacksonville. “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.”

Along with The Park at Davie, BBX Logistics Properties and FRP recently revealed a new collaboration to establish The Park at Lakeland. This development is anticipated to comprise about 213,500 square feet of logistics space spread across 22.5 acres in Lakeland.

Rendering courtesy of BBX Logistics Properties

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.