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| Port 95 Business Center, Dania Beach, FL |
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| 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.
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| 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.”
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| 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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