Industrial

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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

Cushman & Wakefield Negotiates ±32,000-SF Lease at I–595 Business Center

Christopher Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Negotiated a Lease with Johnstone Supply at Broward County’s Newest State-of-the-Art Warehouse and Distribution Center DANIA BEACH, FL  — Cushman & Wakefield announced today that it has negotiated a 32,400-square-foot industrial lease with Johnstone Supply at I–595 Business Center. Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister represented owner MSG I–595, LLC in negotiating the long-term lease. Sky Groden of JLL represented Johnstone Supply in the lease negotiations. Johnstone Supply, a subsidiary of Jacksonville, FL-based The Ware Group, is a leading independent regional wholesaler, distributor, contractor and supplier of HVAC/R equipment. The company, which has 25 locations throughout Florida and four in South Carolina, is relocating its Dania Beach operations from Broward International Commerce Center at 329 North Bryan Road. I–595 Business Center is a ±150,000-square-foot, state-of-the-art, Class A industrial building currently under construction. The building is expected to be completed in August 2018. I–595 Business [...]

2018-04-23T18:43:02+00:00 December 8th, 2017|In the News, Industrial, Press Release|

Cushman & Wakefield Brings Port 95 Business Center to Full Occupancy

Cushman & Wakefield’s Christopher Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Negotiated a ±20,000-Square-Foot Relocation Lease with 3G Productions, Inc. at the Dania Beach Warehouse and Distribution Center DANIA BEACH, FL  — Cushman & Wakefield announced today that it has negotiated a 19,913-square-foot relocation lease with 3G Productions, Inc. at Port 95 Business Center. The lease brings the warehouse and distribution center to full occupancy. Executive Directors Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Director Matthew G. McAllister represented owner MSG Port 95, LLC in negotiating the long-term release with 3G Productions, Inc. Steve Kaminer of Coldwell Banker Commercial represented 3G Productions, Inc. in the lease negotiations. 3G Productions Inc. is a Las Vegas-based event company specializing in production, audio-visual installations, event staffing, sales and rentals. The company is relocating from its lone South Florida location from Park Centre Business Park in Miami. 3G Productions Inc. will utilize the space as an equipment warehouse and logistical [...]

2018-04-23T18:43:02+00:00 December 5th, 2017|In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates ±105,000-SF Lease at Miami Industrial Logistics Center

Wayne Ramoski and Gian Rodriguez Represented Duke Realty in Securing a Lease with Pro Intermodal, L.L.C. at the Hialeah Gardens Warehouse MIAMI, FL — Cushman & Wakefield announced today that it has negotiated a 104,616-square-foot industrial lease at Miami Industrial Logistics Center (MILC), a three-building warehouse and distribution center in Hialeah Gardens. The South Florida industrial brokerage team of Executive Director Wayne Ramoski and Director Gian Rodriguez negotiated a long-term lease with Miami-based Pro Intermodal, L.L.C. on behalf of owner Duke Realty. Pro Intermodal L.L.C. is a licensed and bonded freight shipping and trucking company that leased half of MILC I. The space includes a 2,500-square-foot spec office, which helped facilitate the transaction. “We were able to make this deal happen so quickly because of the previously constructed spec office and Duke’s ability to deliver the space within Pro Intermodal’s truncated timetable,” said Rodriguez. Added Rodriguez, “It’s a sign of the times. As a landlord, you have to be [...]

2018-04-23T18:43:03+00:00 November 28th, 2017|In the News, Industrial, Press Release|