Going … going … gone. A publicly traded provider of online car auctions paid $34.75 million for 117 acres of land in the Homestead Park of Commerce.
Copart USA, founded in 1982 and based in Dallas, bought the land at Southeast 36th Avenue and Southwest 336th Street. The site includes a 32,453-square-foot Class A distribution warehouse, according to a release.
The seller is Sure Equity Partners, a Plantation-based private equity firm led by tech entrepreneur Itai Kathein. Sure Equity bought the land in November 2018 for about $20 million, records show.
Copart will use the site to store vehicles in the event of a natural disaster. The site also features a 17-acre lake slated Copart hopes to improve with a walking trail for public recreation, according to the release.
JLL’s Brian Smith, Audley Bosch and