The Daily Dig:
Foundry Commercial and Wheelock Street Capital have broken ground on Festival Logistics Park, a 485,000 square foot Class A industrial campus in Pompano Beach, Florida. The site sits at 2900 W. Sample Road on the former Festival Flea Market property, 25 acres the partnership acquired from IMC Equity Group for $66 million in September 2025, per Broward County public records. Existing structures were demolished to clear the way for new construction.
The campus will be built across three buildings designed for logistics, distribution, and light-manufacturing tenants, with 32 to 36 foot clear heights and flexible configurations throughout. Delivery is expected in the fourth quarter of 2026. The Hartford Financial Services Group originated a $78 million construction loan for the project, per Yardi Matrix data. Miller Construction is the GC. Stream Realty Partners, Managing Directors Nick Wigoda and Steve Medwin, along with Senior Associate Eli Havlik are handling leasing on behalf of the ownership team.
Project Snapshot:
Company / Platform: Foundry Commercial & Wheelock Street Capital
Project Name: Festival Logistics Park
Location: 2900 W. Sample Road, Pompano Beach, FL
Site Size: 25 acres
Former Use: Festival Flea Market (structures demolished)
Scope: 485,000 SF across three buildings
Building Features: 32'-36' clear heights; flexible configurations
General Contractor: Miller Construction Co.
Leasing Broker: Stream Realty Partners (Nick Wigoda, Steve Medwin, Eli Havlik)
Construction Financing: $78 million
Lender: The Hartford Financial Services Group Inc. (per Yardi Matrix)
Land Acquisition: $66 million purchase from IMC Equity Group (September 2025)
Status: Groundbreaking complete; construction underway
Delivery: Q4 2026
TheJobWalk Thoughts:
This project came to groundbreaking the right way, land closed, demo done, financing locked, and a leasing team already in the market. The three building layout gives them flexibility to chase tenants of different sizes instead of waiting on one big commitment to carry the whole deal, which is a smarter play when large leases take time to close. For contractors and suppliers in Broward County, the construction loan is good news, but the real work follows the leases. Tenant buildouts, dock equipment, conditioned space, specialized scope- none of that moves until occupancy commitments are signed. Watch who takes the first space and how fast the second deal follows. That's your signal.
