SoFla lease roundup: Dania Beach distribution center reaches full occupancy & more
Leases also signed at Centrepark West and I-595 Business Center
Port 95 Business Center in Dania Beach reaches full occupancy
Port 95 Business Center has a reason to party. A Las Vegas-based event production company just inked a long-term, 19,913-square-foot lease at the park in Dania Beach, according to a release.
The lease brings the 230,036-square-foot distribution center at 2650 Southwest 36th Street to full occupancy.
3G Productions specializes in production, audio-visual installations, event staffing, sales and rentals. The company will be relocating from its location at Park Centre Business Park in Miami. Its new space in Dania Beach will be used to store equipment and will serve as a logistics center for the company’s South Florida operations.
Cushman & Wakefield’s Chris Metzger, Richard Etner Jr., Christopher Thomson and Matthew McAllister represented owner MSG Port 95, LLC. Developer Bridge Development Partners sold the property to MSG Port 95 for $27 million in 2014.
The first lease at Port 95 Business Center was signed by a Pembroke Pines-based produce distributor called Premier Produce in 2015.
Centrepark West office complex in West Palm Beach reaches 98% occupancy
Centrepark East and West office buildings, located within the 41-acre Centrepark Corporate Park in West Palm Beach, scored more than 144,000 square feet of leases, according to the firm that brokered the deals.
Colonnade Properties and affiliates of Grace Development and Flagler Realty bought the nine-building complex, totaling 479,145 square feet of office space, last year in November.
When Colonnade first bought the property, Centrepark West was 80 percent occupied. It’s now 98 percent occupied, according to a release. NAI/Merin Hunter Codman’s Neil E. Merin and Shelbi Quinn negotiated the leases.
Engineering and manufacturing company SV Microwave renewed their lease and took on an extra 63,000 square feet at 2301 and 2400 Centrepark West Drive, Quin said. An affiliate of the company, Times Microwave Systems, inked a 14,124-square-foot lease at Centrepark West.
Real estate services company, Seacrest Services inked a 13,560-square-foot, 10-year lease, at 2101 Centrepark West Drive. Brown & Brown of Florida, an independent insurance intermediary, agreed to occupy an 11,970-square-foot space at 1661 Worthington Road, earlier this year.
Johnstone Supply inks 32,000 sf lease at I-595 Business Center
Johnstone Supply, a heating, ventilation, air conditioning and refrigeration company, just inked a 32,000-square-foot lease at the under-construction I-595 Business Center in Dania Beach.
Once complete, I-595 Business Center will be a 150,000-square-foot showroom and warehouse at 3200 Southwest 30th Avenue, according to a release.
Chris Metzger, Richard Etner Jr., Christopher Thomson and Matthew G. McAllister represented owner MSG I-595, LLC.
Johnstone Supply has operations in Florida and South Carolina. It will be relocating from another Dania Beach location at 329 North Bryan Road, in the Broward International Commerce Center, according to the release. Johnstone Supply is a subsidiary of the Ware Group, a Jacksonville-based regional wholesaler, distributor, contractor and supplier of HVAC-R equipment.
The building is expected to be completed in August 2018, according to the release. It lies west of Fort Lauderdale-Hollywood International Airport and just south of Interstate 595.