Industrial – Cushman & Wakefield South Florida

Cushman & Wakefield Negotiates Cabot Properties’ $25.8M Acquisition of Palm Beach Distribution Portfolio

The Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr., Matthew G. McAllister, Mike Davis, Rick Brugge and Michael Lerner Represented Cabot Properties in its Acquisition of Three Buildings Totaling 173,812 Square Feet in Vista Business Park WEST PALM BEACH, FL, November 5, 2018 — Cushman & Wakefield has negotiated Cabot Properties’ acquisition of three multi-tenant warehouse and distribution buildings totaling 173,812 square feet in Palm Beach County. The South Florida Industrial Brokerage Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr. and Matthew G. McAllister, in conjunction with Mike Davis, Rick Brugge and Michael Lerner of Cushman & Wakefield’s Central Florida operations, represented Cabot Properties in its $25.8 million ($148 per square foot) acquisition of 2211 Vista Parkway, 2213 Vista Parkway and 6935–6965 Vista Parkway North in West Palm Beach’s Vista Business Park. The seller was McCraney Property Company. “Cabot Properties’ acquisition of these buildings represented a tremendous opportunity to acquire proven, well-managed assets with exceptionally strong tenancy and revenue histories in one [...]

Jim McAleese 2018-11-16T15:12:40+00:00 November 12th, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates $23M Sale of Airport East Distribution Center

The Cushman & Wakefield Team of Wayne Ramoski, Mike Davis, Gian Rodriguez, Rick Brugge and Michael Lerner Represented Equitable Real Estate Partners in the Disposition MIAMI, FL, August 6, 2018— Cushman & Wakefield has negotiated the sale of Airport East Distribution Center, a 397,585-square-foot distribution complex in Miami-Dade County. The Cushman & Wakefield team of Wayne Ramoski, Mike Davis, Gian Rodriguez, Rick Brugge and Michael Lerner represented Miami-based Equitable Real Estate Partners in the disposition. The asset was acquired by CenterPoint Properties for $22.96 million ($58 per square foot). Airport East Distribution Center is a three-building industrial campus featuring concrete block construction, 18- to 22-foot clear heights, sizeable truck courts and exterior storage. The campus is situated on an ±18-acre site providing ample space for parking and staging. The complex was 76 percent leased at the time of sale. Airport East Distribution Center is located at 7000 NW 32nd Avenue, strategically positioned near Miami International Airport and PortMiami in the East Hialeah submarket. “Airport [...]

Jim McAleese 2018-08-08T14:05:42+00:00 August 8th, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Assists in Sale Negotiation of 39,000-SF Value-Add Industrial Portfolio in Jupiter, Florida

Scott O’Donnell, Robert Smith, Dominic Montazemi, Miguel Alcivar and Greg Miller Represented Seller in the Disposition JUPITER, FL, July 24, 2018 – Cushman & Wakefield has assisted the seller in negotiating the sale of The Pointe at Jupiter Park of Commerce, a 39,328-square-foot, two-building light industrial portfolio in Jupiter, Florida, for $5.2 million, or approximately $132 per square foot. Cushman & Wakefield Executive Director Scott O’Donnell, Managing Director Dominic Montazemi, Director Miguel Alcivar and Senior Associate Greg Miller, along with CBRE Executive Vice President Robert Smith, represented the seller, 1201 JCP TIC, LLC & CKJCP TIC, LL, in the transaction. The buyer is Nationwide Development Corporation. The property sits on 3.17 acres at 1201 and 1251 Jupiter Park Drive. The 1201 building consists of 23,660 square feet with 19,660 square feet of office/showroom space and 4,000 square feet of fully air-conditioned warehouse space. The 1251 building consists of 15,578 square [...]

Jim McAleese 2018-07-26T14:56:56+00:00 July 26th, 2018|Capital Markets, In the News, Industrial, Press Release|

At Airport North Logistics Park: Cushman & Wakefield Negotiates 69,000-SF Expansion, 106,000-SF Build-to-Suit Breaks Ground

MIAMI, May 29, 2018 – Neutralogistics has expanded its lease at Airport North Logistics Park (ALP) by 68,787 square feet, bringing the 900,000-square-foot, Class A, master-planned industrial project to 75 percent leased. The Miami-based logistics company already occupies 105,920 square feet at Building 1 and will be expanding into Building 2. Cushman & Wakefield Executive Director Wayne Ramoski, Director Gian Rodriguez and Senior Associate Skylar Stein, as exclusive leasing agents for the property, represented the landlord, Dallas-based L&B Realty Advisors, LLC in the lease negotiations. Juan Ruiz with Blanca Commercial Real Estate represented the tenant. “The property’s premier location with unique access to expressways and other major business hubs aligns with Neutralogistics’ strategic business objectives and expansion plans over the next few years,” said Alex Tellez, Founder and CEO of Neutralogistics. The expansion, finalized in late April, marks the third lease in as many months to be signed at ALP, [...]

Jim McAleese 2018-05-30T11:28:41+00:00 May 29th, 2018|Florida, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates Two Leases at Broward International Commerce Center

The South Florida Industrial Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Secured Warehouse and Distribution Leases with Custom Service Distribution and Great HealthWorks DANIA BEACH, FL, May 9, 2018— Cushman & Wakefield has secured two new warehouse and distribution leases with Custom Service Distribution and Great HealthWorks totaling more than 20,000 square feet at Broward International Commerce Center. The South Florida Industrial team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister negotiated the leases on behalf of Troy, MI-based building owner Broward International Commerce Park, Limited Partnership. Broward International Commerce Center is a four-building warehouse and distribution campus totaling 251,799 square feet. The buildings were developed between 1996 and 2011 on a 22.3-acre site at 241–349 North Bryan Road in Dania Beach. The buildings offer visibility from Interstate 95 and immediate access to the interstate via both Griffin Road and Stirling Road. Broward International Commerce Center is also proximate to Design Center [...]

Jim McAleese 2018-05-14T17:00:48+00:00 May 10th, 2018|In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates Two Leases Totaling ±54,000 SF at Pompano Center of Commerce II

The Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Secured Warehouse and Distribution Leases with Technical Entertainment Services and Portobello America, Inc. POMPANO BEACH, FL — Cushman & Wakefield has negotiated two industrial relocation leases totaling 53,832 square feet at Pompano Center of Commerce II in Broward County. The South Florida Industrial Brokerage Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister represented Pompano Industrial Venture, LLC, a joint development between Butters Construction & Development and an institutional capital partner, in securing an 18,792-square-foot lease with Technical Entertainment Services (TES) and a 35,040-square-foot lease with Portobello America, Inc. Portobello America, Inc. Portobello America, Inc. leased 35,040 square feet in Building 7 of Pompano Center of Commerce II, located at 1660 NW 18th Street. Tom Viscount of Butters Construction & Development represented Portobello America, Inc. Portobello America, Inc. is a subsidiary of Portobello S.A, Brazil’s largest tile maker and distributor with more than 2,600 employees and annual [...]

Jim McAleese 2018-04-23T18:42:57+00:00 April 3rd, 2018|In the News, Industrial, Press Release|

Cushman & Wakefield Facilitates ±55,000 SF of Leases at Pompano Center of Commerce II

Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Negotiated Warehouse and Distribution Leases with Electriduct, Midwest Hose and Service Quick, Inc. POMPANO BEACH, FL, February 5, 2018 — Cushman & Wakefield has negotiated three warehouse and distribution leases totaling 54,726 square feet at Pompano Center of Commerce II in Broward County. The South Florida Industrial Brokerage Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson, and Matthew G. McAllister represented building owner Pompano Industrial Venture, LLC, a joint development between Butters Construction & Development and an institutional capital partner, in securing leases with Electriduct, Midwest Hose and Service Quick, Inc. Details of each lease can be found below: Electriduct Electriduct leased 28,787 square feet in Building Eight of Pompano Center of Commerce II at 1650 NW 18th Street. Electriduct is a Fort Lauderdale-based eCommerce company specializing in the sale of wire management and cable protection solutions. The company was founded in 1955 and has been headquartered in South [...]

Jose Sime 2018-04-23T18:42:59+00:00 February 6th, 2018|In the News, Industrial|

Cushman & Wakefield Negotiates $22.8M Sale of Transal Park

Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge Represented the Seller in the Disposition of the Six-Building Flex Campus DORAL, FL — Cushman & Wakefield has negotiated the sale of Transal Park, a six-building flex campus in Miami-Dade County. The Cushman & Wakefield Capital Markets team of Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge, in conjunction with Cushman & Wakefield leasing partners Wayne Ramoski and Gian Rodriguez, negotiated the disposition on behalf of the seller. SVF Acquisitions, LLC purchased the asset for $22.8 million ($170 per square foot). Transal Park comprises six one-story buildings totaling 134,175 square feet on a 10.4-acre site at 8200 - 8290 NW 27th Street. The buildings offer flexible bays with a combination of direct-access front office and rear warehouse with grade-level entries to truck courts. Other features include tenant signage, on-site security, a restaurant and a parking ratio of 3.6 spaces per 1,000 rentable square feet. The [...]

Jim McAleese 2018-04-23T18:43:00+00:00 January 22nd, 2018|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates $2.5M Sale of Broward County Industrial Site

Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Represented a Private Investor in the Disposition of the 5.15-Acre Pompano Beach Site POMPANO BEACH, FL — Cushman & Wakefield announced today that it has negotiated the sale of a 5.15-acre industrial site at 1840 NW 16th Street in Broward County, FL. Executive Director Christopher Metzger, Executive Director Richard F. Etner Jr., Executive Director Christopher Thomson and Director Matthew G. McAllister negotiated the disposition on behalf of 16th Street Pompano Beach, LLC. CIVF V - FL2W01, LLC, an affiliate of Boston-based Cabot Properties, Inc., acquired the site for $2.5 million ($11.14 per square foot). The fully fenced site is located just east of Powerline Road, providing exceptional access to Interstate 95 and Florida’s Turnpike. The land is zoned Light Industrial by Pompano Beach and platted for approximately 85,000 square feet of warehouse. According to Cushman & Wakefield’s Q3 2017 Broward County Industrial Marketbeat Report, the Broward County Industrial market is primed for new development. [...]

Jim McAleese 2018-04-23T18:43:00+00:00 January 5th, 2018|In the News, Industrial, Land, Press Release|

VPX Sports’ ±29,000-SF Lease Expansion Brings Weston Commerce Park to Full Occupancy

Cushman & Wakefield’s Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Represented Owner EastGroup Properties in Securing the Warehouse and Distribution Lease WESTON, FL — Cushman & Wakefield announced today that it has negotiated a 28,800-square-foot expansion lease with VPX Sports at Weston Commerce Park. The lease brings the Broward County warehouse and distribution center to full occupancy. Executive Director Chris Metzger, Executive Director Richard F. Etner Jr., Executive Director Christopher Thomson and Director Matthew G. McAllister represented Mississippi-based owner EastGroup Properties in the lease negotiations. The expansion lease comes just three months after VPX Sports entered the building with a 67,200-square-foot lease. VPX now occupies 96,000 square feet in the 134,400-square-foot building. VPX Sports was represented by JLL’s Sky Groden. VPX Sports is a Weston-based health supplement manufacturer that sells its products in brick-and-mortar locations throughout the U.S. and 37 countries. The company also has established significant eCommerce operations and utilizes the Weston Commerce Park space for [...]

Jim McAleese 2018-04-23T18:43:01+00:00 December 21st, 2017|In the News, Industrial, Press Release|