The Real Deal Miami

SoFla lease roundup: Broward transportation agency, Aflac and others close deals at Trade Centre South & more

Spec industrial park in Pompano nabbed three tenants
By Amanda Rabines | February 07, 2018 03:52PM

Trade Centre South and rendering of Pompano Center of Commerce II (Credit: Avison Young and Cushman & Wakefield)

Transportation agency, Aflac and others ink deals at Fort Lauderdale office building

DRA Advisors’ Trade Centre South in Fort Lauderdale just signed leases with a handful of new tenants.

The Broward Metropolitan Planning Organization, a transportation agency, is taking about 20,000 square feet at the 215,000-square-foot, 10-story office building at 100 West Cypress Creek Road, according to a press release from Avison Young. It’s moving from the eighth floor to the sixth floor.

Records show DRA Advisors affiliate G&I VZ Trade Centre South LLC paid $22 million for the property in 2011. It was built in 1986.

DRA signed new leases and renewals for 11 tenants totaling 60,000 square feet.

Aflac, Paradise Cruises and tobacco company Imperial Brands, which moved out of its downtown Fort Lauderdale space, also signed new deals.

Avison Young’s Greg Martin and Peyton Moore brokered the leases.

Spec industrial park in Pompano signs new tenants

Three companies are moving into Pompano Center of Commerce II, a speculative industrial project in Pompano Beach.

Electriduct is leasing nearly 29,000 square feet in building eight at 1650 Northwest 18th Street. Electriduct is a Fort Lauderdale-based eCommerce company specializing in the sale of wire management and cable protection solutions. The company plans to move in May 2018, according to a release. JC Conte of JC Commercial Realty represented Electriduct.

Midwest Hose, a hose production company, inked a 16,000-square-feet at the Pompano Center of Commerce II. The company will be in building six at 1550 Northwest 18th Street. Brad Kozin of Kozin Commercial represented Midwest Hose in its first South Florida location.

Service Quick, an affiliate of the California logistics firm KW International is leasing nearly 9,600 square feet of space at building six.

Cushman & Wakefield’s Chris Metzger, Richard F. Etner Jr., Christopher Thomson, and Matthew G. McAllister represented the landlord, Pompano Industrial Venture LLC. It’s a joint development between Butters Construction & Development and Blackrock.

The LLC bought the development site from Prologis in 2016 for $15.4 million.