A large warehouse in Coral Springs’ industrial district long owned by window and door manufacturer JELD-WEN sold for $38 million on Dec. 22. The property went to a private equity firm for nearly double its appraised value.
SL8 Industrial Acquisition, the company named on the deed, is owned by Stonelake Capital Partners, a private equity firm focused on real estate investing based in Dallas.
According to a JELD-WEN spokesperson, the company plans to lease the space back from its new owner, likely continuing to use the property as an export hub for customers in the Caribbean, Central America and South America…