Wednesday, February 25, 2015

C&W Secures First Lease in Port 95 Business Center in Dania Beach, FL

  
Port 95 Business Center, Dania Beach, FL

  
Christopher Metzger

 DANIA BEACH, FL - Cushman & Wakefield announced today that is has inked the first lease at the newly-constructed Port 95 Business Center in Dania Beach, Florida.

Executive Director Christopher Metzger, Executive Director Richard Etner, Jr., and Senior Director Christopher Thomson represented Saul Gilinski’s MSG Port 95, LLC in securing a 37,205-square-foot lease with Premier Produce.

Premier Produce is a Pembroke Pines-based food service distributor with a 42-truck fleet servicing retail and institutional clients throughout South Florida. Premier’s occupancy will begin in June 2015.

Port 95 Business Center, located at 2650 SW 36th Street, is a Class A, 229,643-square-foot, state-of-the-art distribution facility.





Richard Etner
The center’s location in the Southeast Broward industrial market provides excellent access to Interstate 95, Interstate 595, Florida’s Turnpike, Interstate 75, and the Sawgrass Expressway.

The building offers abundant loading doors, ESFR fire sprinkler system, energy efficient T–5 warehouse lighting, 32’ ceiling clear height, and and offices built to suit.

In November 2014, Metzger, Etner and Thomson represented developer Bridge Development in the $27 million sale of Port 95 Business Center to MSG Port 95, LLC.

“Premier Produce is the first of what we expect to be many tenants filling the balance of the space at the Port 95 Business Center," said Metzger.

According to Cushman & Wakefield’s Q4 2014 Broward County Marketbeat report, “demand for Broward industrial product continues to outpace supply, compressing cap rates and pushing pricing on what little product becomes available.”



Christopher Thomson
The Southeast Broward submarket has an average warehouse and distribution center rental rate which exceeds the market average by 13 percent, illustrating the allure.

“This submarket remains one of the most desirable in South Florida,” added Metzger. "We believe the demand for new product will remain high.”

Florida Corporate Realty represented Premier Produce.

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 248 offices in 58 countries, employing more than 16,000 professionals.

 It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.


For a complete copy of the company’s news release, please contact:

Christopher J. Metzger, SIOR
Executive Director
(954) 771-0800

Richard. F. Etner, Jr., SIOR
Executive Director
(954) 771-0800

Christopher Thomson, SIOR
Senior Director
(561) 227-2020

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