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Vital Pharmaceuticals pays $35M for Pembroke Pines warehouse

Vital Pharmaceuticals paid $35 million for a new warehouse in Pembroke Pines, which it plans to use as its new headquarters. The sports supplement company purchased the 224,572-square-foot industrial property for $155 per square foot from Helms Development and Core5 Industrial Partners, records show. The 11.6-acre site at 20311 Sheridan Street formerly housed a women’s state prison. (more…)
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Energy drink maker buys distribution center for $35M

Vital Pharmaceuticals, the maker of Bang energy drinks and other health-focused products, acquired a new distribution warehouse in western Pembroke Pines for $35 million.

South Florida Distribution Center Building A LLC, a partnership between Atlanta-based Core5 Industrial Partners and Helms Development, led by Scott Helms, sold the 224,572-square-foot warehouse at 20311 Sheridan Street to Sheridan Real Estate Investment A LLC, managed by John H. Owoc, the head of Weston-based Vital Pharmaceuticals, also known as VPX.

 
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PRESS RELEASES

Core5 Industrial Partners Sells Initial Metro Atlanta Development

873,800 SF Core5 Logistics Center at Shugart Farms Purchased by Private Investor ATLANTA, June 19, 2017 – Atlanta-based Core5 Industrial Partners announced today the recent sale of their initial development in Metro Atlanta, 873,800-square-foot Core5 Logistics Center at Shugart Farms, to a private institutional investor. The high cube logistic facility completed construction in early 2017 and is fully leased on a long-term basis to The Duracell Company, a wholly-owned subsidiary of Berkshire Hathaway. (more…)
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