The seven-story Class A facility near I-95 was approximately 67% occupied at the time of the transaction.
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The 0.47-acre property is in the heart of downtown Delray Beach and is among the few remaining infill industrial buildings in the city's central business district.
The transaction combines $140 million in equity with $203 million in senior financing provided by Corebridge Financial and arranged by JLL.
Waste Connections acquired the 12-acre industrial outdoor storage property from CenterPoint Properties, gaining a strategically located facility with 370 truck parking spaces near Interstate 95 and Florida’s Turnpike.
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