Fort Lauderdale Foods
![fort-lauderdale-food-services-case-study-top-main fort-lauderdale-food-services-case-study-top-main](https://gnpdev.com/wp-content/uploads/2015/11/fort-lauderdale-food-services-case-study-top-main.jpg)
5150 N State Road 7, Fort Lauderdale
Project Summary
Square Footage:
32,000
Project Type:
Value-Add / Redevelopment of Distressed Property
Product Type:
Industrial
Deal Source:
Bank
Challenges:
Distressed bank asset; challenging zoning issues due to cold storage facility located on retail corridor, rapidly growing tenant, and conversion from single-tenant to multi-tenant..
Solution:
GNP effectively worked with Total Bank to complete the acquisition of a 32,000 SF property that was previously utilized as a single-tenant grocery/farmers market. Within 12 months of closing on the property GNP was able to fully lease the property to a rapidly expanding, fresh meal delivery service company and another tenant that handled upstream food wholesaling. During the same period GNP completed government approvals, construction and completed a renovation that increased the value of the property by over 100%.
![fort-lauderdale-food-services-overhead-view-new](https://gnpdev.com/wp-content/uploads/2015/11/fort-lauderdale-food-services-overhead-view-new.jpg)
![fort-lauderdale-food-services-exterior-angle-2](https://gnpdev.com/wp-content/uploads/2015/11/fort-lauderdale-food-services-exterior-angle-2.jpg)
![Location(1)](https://gnpdev.com/wp-content/uploads/2015/10/Location1.png)
5150 N State Road 7
Fort Lauderdale, FL 33319
![red-square-foot-icon](https://gnpdev.com/wp-content/uploads/2015/10/red-square-foot-icon.png)
32,000 Sq Feet
![Square-Feet(1)](https://gnpdev.com/wp-content/uploads/2015/10/Square-Feet1.png)