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Easton Group Acquires Industrial Property for $14.35 Million

The Easton Group recently acquired a vacant 29,897 square-foot truck terminal in Hollywood for $14.35 million as part of its growing portfolio of Industrial Outdoor Storage (IOS) assets. The building sits on a 5.85-acre site at 3811 Pembroke Road near the I-95 interchange.

C.J. Easton and David Wilf, both acquisition principals with The Easton Group, secured the deal after joining together in 2021 to focus on buying industrial properties that cater to growth segments, including outdoor storage.

The seller, Dayton Street Partners, represented by Walter Byrd of Transwestern in the transaction, previously leased the property to the now-defunct Central Freight Lines.

Easton plans to improve the property to prepare it for another tenant as well as continue its acquisition efforts to add to the IOS properties.

“We are very bullish on the IOS space, and we continue to seek out more opportunities in the sub-sector,” Easton says. “With the unquenchable demand for industrial space and dwindling supply available, this niche product category is coming into its own. IOS has become increasingly more competitive over the last 12 months as more and more participants enter the market, particularly in South Florida.”

Other recent Florida acquisitions for The Easton Group include a 10-acre masonry yard in Sanford with another investor and an 8.97-acre industrial development site in Riviera Beach, with plans to build a truck terminal. 

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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.