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| Scott Helms |
The site is
one of the last remaining in Southwest Broward to offer build-to-suit options
for larger users and offers a distinctive advantage with trailer parking – an
option no other property in land-constrained Broward County can offer.
The joint
venture plans to repurpose the property into a distribution park named South
Florida Distribution Center, developing 750,000 square feet of Class A
office/warehouse space across three buildings.
Beginning in April 2017, construction will commence on the first phase of the project: the development of a speculative 223,008-square-foot Class A building.
Beginning in April 2017, construction will commence on the first phase of the project: the development of a speculative 223,008-square-foot Class A building.
“The
property is sited perfectly to benefit tenants that want to service both the
east and west coast of southern Florida. It is within 75 minutes of Naples/Ft.
Myers and still less than an hour from 85 percent of the tri-county’s
population,” states Scott Helms,
Principal of Helms Development.
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| Larry Genet |
“Suburb interstate access, coupled with the trailer parking advantage, offers an unheard-of advantage for e-commerce and office warehouse distribution companies needing to serve the population in South Florida as well as points north of the site.”
This
acquisition marks Core5’s entry into Florida and will be the first development
for the newly-formed Helms Development, of which Mr. Helms will handle
development of the property on the site of the former State Women’s Prison.
CBRE’s team
of Larry Dinner, Larry Genet, and Tom
O’Loughlin will handle leasing. Core5 CEO Tim Gunter announces, “We are
pleased to enter South Florida with this property and to partner with Helms
Development. We think it’s one of the finest properties in the market.”
Located less
than one-half mile from State Route 27 and just under four miles to I-75, the
site can service over 5 million people within a one hour’s drive time.
Tom
O’Loughlin, senior vice president with CBRE, adds, “As congestion continues to
grow on the eastern side of the tri-county marketplace, tenants are starting to
look west to take advantage of highway infrastructure and the ability to expand
their operations. US 27 is becoming a more popular shipping corridor as
tenant’s study how to get into central Florida quicker. South Florida
Distribution Center is well positioned to take advantage of this trend.”
The city of
Pembroke Pines purchased the property from the state of Florida in 2014. “We
spent over two years annexing and entitling the property,” Pembroke Pines City
Manager Charles F. Dodge added. “We look forward to the business opportunities
the South Florida Distribution Center brings to the community.”
For a complete copy of the company’s news release, please
contact:
Scott Helms
Helms
Development
954-648-1933
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