ASB Capital Management Pays $38M for Fort Lauderdale Warehouse

Institutional investors are continuing to pour money into Broward’s industrial market.

ASB Capital Management bought a 221,815-square-foot warehouse in Fort Lauderdale for $38.2 million, records show. The price equates to $172 per square foot.

ASB bought the property at 201 Northwest 22nd Avenue from Chicago-based Bridge Development Partners.

Known as Bridge Point Riverbend, the property features 32-foot ceiling heights and rear-dock loading.