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For nearly four decades, the Festival Flea Market on Sample Road was a go-to weekend spot for South Florida locals. The sprawling market was more than just a place to shop, it was a community hub. Located at 2900 W. Sample Road, it served the region from the 1980s until its recent closure.
Now, the 26-acre property is being demolished to make room for something entirely different: Festival Logistics Park in Pompano.
A Closer Look at Festival Logistics Park in Pompano
The site was acquired by a joint venture between Foundry Commercial and Wheelock Street Capital for $66 million, roughly $10 million more than it sold for in 2018. This new development represents a major shift in land use, from weekend retail to full-scale industrial.
But that’s not all. The development team also purchased a 10-acre parcel behind the main site for $23 million. This area is slated for two additional warehouses, expanding the total potential footprint well beyond the initial phase.
What Will the Festival Logistics Park Include?
Festival Logistics Park in Pompano will offer approximately 474,000 square feet of Class-A industrial space across three buildings:
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Sizes ranging from 60,000 to 300,000 square feet
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32- to 36-foot clear ceiling heights
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ESFR fire sprinkler systems
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Dock-high loading docks
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Ample car and trailer parking
Two of the buildings will face Sample Road, providing excellent visibility for logistics operators.
These buildings will also feature energy-efficient systems and are designed to support high-volume distribution, eCommerce fulfillment, and manufacturing.
Strategic Location & Developer Strength
Located directly on Sample Road and next to a full Florida Turnpike interchange, just minutes from I-95, the site offers excellent access to South Florida’s key transportation routes. This prime location is ideal for last-mile delivery, regional distribution, and third-party logistics operations.
The project is backed by two major players in the industry: Foundry Commercial, which has developed or acquired over $5 billion in assets since 2015, including more than 10 million square feet in South Florida, and was recently named "Developer of the Year" by NAIOP South Florida. Their partner, Wheelock Street Capital, recently sold its stake in Uptown Boca’s retail component for $118 million, marking a strategic shift toward industrial investments.
Timeline and Leasing
Demolition of the Festival Flea Market is scheduled to begin in late 2025, with construction of the new industrial park starting shortly after. The entire project is expected to be completed by the end of 2026. Stream Realty Partners, led by Nick Wigoda and Steve Medwin, is managing the leasing process and is already actively marketing the development to top-tier tenants in the logistics, manufacturing, and distribution sectors.
What This Means for Pompano Beach Real Estate?
The development of Festival Logistics Park highlights a growing trend toward industrial expansion in Pompano Beach, a city already experiencing a surge in both residential and commercial construction. This project will bring much-needed modern industrial space to the market, attract both national and regional tenants, and support job growth across warehousing, logistics, and related industries.
It also strengthens the reputation of Pompano Beach commercial real estate as a rising player in South Florida. Thanks to its strategic location and expanding business presence, the area is quickly becoming one of Broward County’s most in-demand industrial submarkets.
FAQs About Festival Logistics Park in Pompano
What is Festival Logistics Park in Pompano?
Festival Logistics Park is a large-scale industrial development replacing the former Festival Flea Market on Sample Road. It will include three Class-A industrial buildings totaling approximately 474,000 square feet, with modern features suited for logistics, warehousing, and distribution.
Who are the developers behind the project?
The development is a joint venture between Foundry Commercial and Wheelock Street Capital, two major players in the South Florida real estate market with a history of successful industrial projects.
What businesses will occupy Festival Logistics Park?
The space is being marketed to tenants in logistics, last-mile delivery, manufacturing, eCommerce fulfillment, and distribution. These users typically require high ceilings, dock-high loading, and proximity to major highways, all of which this site provides.
When will Festival Logistics Park be completed?
Demolition is expected to begin in late 2025, with full completion of the project slated for the end of 2026. Leasing is underway ahead of construction.
Where is the project located?
Festival Logistics Park will be located at 2900 W. Sample Road in Pompano Beach, Florida, with direct access to the Florida Turnpike and easy connectivity to I-95 and other major transportation corridors.
Connect With Pompano Beach Real Estate Experts
With the transformation of the Festival Flea Market site into a cutting-edge logistics hub, Pompano Beach is clearly on the map as one of South Florida’s fastest-growing industrial markets.
Looking to invest or lease in Pompano Beach commercial real estate? Whether you’re a business owner, commercial investor, or developer, Mastropieri Group Realtors® can help. Call us today at (561) 544-7000 for expert guidance on this project and other opportunities in the area.
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