NorthBridge Partners has acquired Elevate Broward, an 11-building, small-bay industrial portfolio, for $81 million. Harbert Management Corporation (HMC) was the seller. The warehouse were located in Lauderdale Lakes and Lauderhill.
The Elevate Broward portfolio totals 354,336 square feet and includes eight buildings at 3435-3699 NW 19th St. in Lauderdale Lakes and three buildings at 3311 and 1842-1896 NW 38th Ave. in Lauderhill. They were constructed between 1979 and 1984.
HMC engaged Last Mile Holdings (LMH) to assist with operations and the execution of its business plan. Led by managing partners Daniel Abrahams, Oniel Samuel, and Shai Moschotwits, LMH partnered closely with HMC to acquire, reposition and optimize the Elevate Broward portfolio. The two executed a strategy that included a $2.3 million renovation in 2024. Leased to over 100 tenants, the buildings range from sub-1,000-square-foot suites to 5,000+ square-foot shallow-bay warehouses.
Cushman & Wakefield’s Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Rick Colon represented HMC in its transaction.
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