Foundry, Wheelock pay $66M for shuttered Pompano Beach flea market
Foundry Commercial and Wheelock Capital are teaming up to convert a shuttered indoor flea market in Pompano Beach into an industrial complex. Orlando-based Foundry, led by Paul Ellis, and Greenwich, Connecticut-based Wheelock, led by Rick Kleeman and Jonathan Paul, paid $66 million for the 26-acre Festival Marketplace at 2900 West Sample Road, according to a press release. An affiliate of Yoram Izhak’s North Miami-based IMC Equity Group sold the property for $10 million above the previous sale price seven years ago. In 2018, the IMC affiliate paid $56 million for it, records show. Three years later, IMC sold a parking […]This article originally appeared on The Real Deal. Click here to read the full story.
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