Cushman & Wakefield Negotiates Six Leases Totaling ±132,798 SF in Pompano Beach

The Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Have Now Fully Leased Buildings Six, Seven and Eight at the Pompano Center of Commerce POMPANO BEACH, FL, July 25, 2019 — Cushman & Wakefield has negotiated six industrial leases totaling ±132,798 square feet at Pompano Center of Commerce II, a new warehouse and distribution center developed by Butters Construction & Development 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 leases with Milestone Pavers, Empire Delivery, Larsen’s Manufacturing Company, Farco Plastics, Event Effects Group and ATI Electrical Supply. The leases bring Pompano Center of Commerce II’s existing buildings (Six, Seven and Eight), comprising a total of ±318,062 square feet, to full occupancy. Details of the newly signed leases can be found below: Milestone [...]

2019-07-25T16:28:04-04:00July 25th, 2019|Florida, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates ±27,379-SF Lease with Cambria at I–595 Business Center

Christopher Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Have Now Fully Leased the Second Phase of the State-of-the-Art Warehouse, Showroom and Distribution Center in Broward County DANIA BEACH, FL, July 24, 2019 — Cushman & Wakefield has negotiated a ±27,379-square-foot industrial lease with Cambria at I–595 Business Center, bringing the second phase of the Broward County warehouse, showroom and distribution center to full occupancy. The South Florida Industrial Brokerage Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister represented owner MSG I–595, LLC in negotiating the lease. Wayne Schuchts and Bobby Benton of Avison Young represented Cambria in the lease negotiations. Le Sueur, Minnesota-based Cambria is a leading producer of engineered quartz surfaces for kitchen countertops. The company has locations throughout the United States and Canada. Its space at I–595 will be utilized as a showroom, warehouse and distribution center. I–595 Business Center is a 123,694-square-foot, state-of-the-art, Class A industrial building developed in 2018. [...]

2019-07-25T16:54:36-04:00July 24th, 2019|In the News, Industrial, Press Release|

‌Cushman & Wakefield Negotiates ±192,454-SF Lease Renewal for Miami International Freight Solutions​

Wayne Ramoski and Gian Rodriguez Arranged Miami International Freight Solutions’ Renewal at 14100 NW 60th Avenue, Terreno Realty Corporation’s FTZ-Based Warehouse and Distribution Center MIAMI LAKES, FL, May 7, 2019 — Cushman & Wakefield has negotiated a ±192,454-square-foot, whole-building lease renewal for Miami International Freight Solutions (MIFS) at 14100 NW 60th Avenue in Miami Lakes Business Park East. According to Cushman & Wakefield Research, this is the largest 2Q 2019 industrial lease renewal to date in the Miami market. The Cushman & Wakefield South Florida Industrial Team of Wayne Ramoski and Gian Rodriguez represented MIFS in the renewal negotiations. Carlos Velasquez and Rene Vivo of The Vivo Group represented the landlord, San Francisco-based Terreno Realty Corporation. MIFS is an industry-leading logistics firm specializing in air and ocean export, domestic transportation, imports and U.S. customs services, systems integration, insurance, foreign-trade zone (FTZ) and logistics and supply chain management. 14100 NW 60th Avenue is a distribution facility developed in 1971 on a ±13.2-acre site. The [...]

2019-05-17T15:49:33-04:00May 7th, 2019|In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates Sale of 8.6-Acre Redevelopment Site in Miami

Flagler Global Logistics Acquired the Site Bordering Planned Countyline Corporate Park MIAMI, April 22, 2019 – Cushman & Wakefield has negotiated the sale of an 8.6-acre redevelopment site situated in the path of development in Miami-Dade County. Marketed as Turnpike Transfer, the vacant site sold for $6.7M and is zoned for a wide variety of uses. Cushman & Wakefield’s Wayne Ramoski and Gian Rodriguez, with the firm’s Miami Industrial Team, worked with capital markets specialist Miguel Alcivar and retail specialist Greg Masin in representing the seller, Turnpike Transfer, LLC, in the disposition. The buyer is Flagler Global Logistics (FGL), an integrated, third-party logistics provider and real estate developer based in Miami. FGL already owns 500 acres of land that border the Turnpike Transfer site, where it is developing Countyline Corporate Park. The master-planned business park will offer 8 million square feet of Class A warehouses as well as office and industrial [...]

2019-05-16T12:01:16-04:00April 22nd, 2019|In the News, Industrial, Press Release|

Cushman & Wakefield’s South Florida Industrial Team Earns Top NAIOP Honors

The Team Was Named Industrial Broker Team of the Year and also Took Home the Industrial Lease Transaction of the Year Award BOCA RATON, FL, April 12, 2019 — Cushman & Wakefield’s South Florida Industrial Team recently received two major accolades at the NAIOP South Florida Awards of Excellence. Executive Director Chris Metzger, Executive Director Richard F. Etner Jr., Executive Director Christopher Thomson, Director Matthew G. McAllister; Associate Adam Talbot, Senior Brokerage Coordinator Julie Miller and Brokerage Coordinator Uilani Kauhi were named Industrial Broker Team of the Year. The group also took home Industrial Lease Transaction of the Year honors for their work on Postal Center International’s 225,000-square-foot lease of Weston Business Center. The South Florida Industrial Team specializes in industrial real estate in Broward, Palm Beach, Martin, St. Lucie and Indian River Counties. The team has worked together in the South Florida market for over 40 years and is [...]

2019-05-16T11:58:19-04:00April 12th, 2019|Florida, In the News, Industrial, Press Release|

Cushman & Wakefield Represents Bristol Group in $24M Sale of ‘Last-Mile’ Distribution Center in Miami

Amazon, Packaging Corp. of America Among Tenants at Fully Occupied 201,459-SF Facility; Buyer is Dalfen Industrial   MIAMI, March 12, 2019 – On behalf of San Francisco-based Bristol Group, Inc., Cushman & Wakefield has arranged the sale of a 201,459-square-foot, last-mile distribution center in Miami’s North Central submarket for $24 million. The multi-tenant facility is 100 percent occupied by such notable tenants as Amazon, Packaging Corporation of America and DaVita Healthcare. The Cushman & Wakefield Investment Sales Team of Vice Chairman Mike Davis, Executive Director Rick Brugge, Executive Director Wayne Ramoski and Director Gian Rodriguez represented Bristol Group, a national private real estate investment and development firm, in the disposition. The buyer is Dalfen Industrial, a real estate investment manager that specializes in the acquisition, development and operation of industrial property across the United States and Canada. The warehouse facility sits on 10.25 acres at 15600 NW 15th Ave., within Sunshine [...]

2019-03-13T13:32:50-04:00March 12th, 2019|Capital Markets, In the News, Industrial, Press Release|

Bridge Development Partners Taps Cushman & Wakefield to Lease Bridge Point Miramar

Cushman & Wakefield Also Arranged the Sale and Financing of the 304,428-Square-Foot Distribution Center MIRAMAR, FL, March 4, 2019 — Cushman & Wakefield has been named exclusive leasing advisor for Bridge Point Miramar, a 304,428-square-foot distribution center in Broward County. The Cushman & Wakefield South Florida Industrial Team of Chris Metzger, Richard F. Etner, Jr., Christopher Thomson and Matthew G. McAllister will lease the building on behalf of Bridge Development Partners. Bridge Development Partners recently acquired Bridge Point Miramar from Sherm Realty Corporation, an affiliate of Weston, FL-based Apotex Corp and will invest $6 million to upgrade the building. A Cushman & Wakefield Capital Markets team comprised of Mike Davis, Metzger and Etner, Jr., arranged the $38 million transaction. Jason Hochman and Chris Lentz, of Cushman and Wakefield’s Equity, Debt and Structured Finance Group worked on behalf of Bridge to secure a $32.7 million loan from Heitman Capital Management. “Upon the completion of our multimillion-dollar investment to further enhance this facility’s offerings, Bridge Point Miramar will be a [...]

2019-03-13T12:23:24-04:00March 4th, 2019|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Represents R.T. Milord Co. in $6.65M Sale of Boynton Beach Light Industrial Building

The Team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Miguel Alcivar Negotiated the Sale of 3600 South Congress Avenue to KVA Congress LLC BOYNTON BEACH, FL, February 25, 2019 — Cushman & Wakefield has negotiated the sale of 3600 South Congress Avenue, a 47,626-square-foot, multi-tenant light industrial building in Palm Beach County. The Cushman & Wakefield Capital Markets team of Greg Miller, Scott O’Donnell, Dominic Montazemi and Miguel Alcivar negotiated the sale on behalf of R.T. Milord Co. of Bridgeview, IL. Jupiter, FL-based KVA Congress, LLC acquired the asset for $6.65 million ($140 per square foot). “KVA Congress, LLC recognized that 3600 South Congress Avenue provided a rare opportunity to acquire a well-maintained and functional industrial asset with proximity to both Boynton Beach and Delray Beach,” said Miller. “There are excellent demand drivers within this micro-market. And, when combined with limited light industrial supply, continued potential for robust rent growth should be realized well into the future.” 3600 South Congress Avenue was developed [...]

2019-03-13T13:23:21-04:00February 25th, 2019|Capital Markets, In the News, Industrial, Press Release|

Cushman & Wakefield Represents Prologis in ±96,000-SF Lease with Fairn & Swanson, Inc.

Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew McAllister Represented Ownership in Lease Renewal Negotiations POMPANO BEACH, FL, February 22, 2019 — Cushman & Wakefield has negotiated a 95,540-square-foot warehouse and distribution lease renewal with Fairn & Swanson, Inc. at 701 NW 33rd Street in Broward County. The Cushman & Wakefield South Florida Industrial Team of Christopher Metzger, Richard F. Etner, Jr., Christopher Thomson and Matthew G. McAllister represented building owner Prologis (NYSE:PLD) in the renewal negotiations. The Cushman & Wakefield Team worked in conjunction with Prologis Senior Leasing Manager Barbara Mantecon. “Our strategically located properties and internal property management continue to have unparalleled value for our customers,” said Mantecon. Oakland, CA-based Fairn & Swanson, Inc. was founded in 1949 and supplies travelers with a wide variety of retail products including food, beverages, personal care products, fragrances and accessories. The company distributes these products globally via cruise lines, commercial shipping ports, international border crossings, overseas military installations and diplomatic offices. The company has warehouses and [...]

2019-03-13T13:12:50-04:00February 22nd, 2019|In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates 52,505-SF HQ Renewal with Quantachrome Instruments at Boynton Commerce Center

The Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr. and Matthew G. McAllister Negotiated a Long-Term Lease with the Lab Equipment Manufacturer BOYNTON BEACH, FL, February 13, 2019 — Cushman & Wakefield has negotiated a 52,505-square-foot headquarters lease renewal with Quantachrome Instruments at Boynton Commerce Center in Palm Beach County. The Cushman & Wakefield South Florida Industrial Team of Christopher Thomson, Chris Metzger, Richard F. Etner, Jr. and Matthew G. McAllister represented Boynton Commerce Center, LLC, an affiliate of building owner Principal Life Insurance Company, in the renewal negotiations. Quantachrome Instruments was represented by Robert Smith of CBRE. Quantachrome Instruments was founded in 1968 and is headquartered at 1900 Corporate Drive in Boynton Commerce Center. The company has emerged as a global leader in the design and manufacture of lab instruments capable of characterizing porous materials and powders. Quantachrome employs 170 people in the building in research, development and production roles. In February 2018, Quantachrome was acquired by the Anton Paar Group, an Austrian [...]

2019-02-21T15:05:50-04:00February 13th, 2019|In the News, Industrial, Press Release|