SoFla lease roundup: LVMH expands at 100 Biscayne & more
Somfy Systems and XPO Logistics signed deals in Boynton Beach and Davie
LVMH Moët Hennessy Louis Vuitton expands at 100 Biscayne
LVMH is growing.
The Paris-based luxury goods conglomerate, which owns brands like Louis Vuitton, Moët & Chandon and Christian Dior, just renewed and expanded its lease to more than 30,000 square feet at 100 Biscayne office tower in downtown Miami, according to a release.
LVMH grew from about 24,500 square feet at the 310,000-square-foot, 30-story office tower at 100 Biscayne Boulevard.
The New York Times and Lee, Hernandez, Landrum, Carlson Attorneys at Law also renewed their leases at 100 Biscayne. Recently added tenants include Swiss luxury watchmaker Hublot, GreenRoom Agency, technology firm Haku, Buta Investment Group, a food and beverage venture company.
After spending $84 million to acquire the office tower in 2016, East End Capital announced it would invest $10 million to repositioning the property. East End is also a partner in several real estate projects in Miami’s Wynwood area.
Somfy Systems moves into Boynton Beach distribution facility
Somfy Systems, a manufacturer of motorized window coverings, just moved its regional distribution operations out of Boca Raton and into Boynton Beach.
The company inked a 44,000-square-foot lease at Exeter Property Group’s distribution and showroom facility at 1200 Southwest 35th Avenue.
Somfy previously operated out of a 28,000-square-foot flex building in Boca Raton. The move expands their footprint by 60 percent, according to a release.
Elliot LaBreche and Andrew Easton of Easton & Associates, the brokerage division of commercial real estate firm The Easton Group, represented Somfy Systems. Exeter’s Nick Sands represented the company.
Exeter specializes in developing and managing industrial warehouses in the U.S. and Canada.
XPO Logistics signs 50,000 sf lease at Davie warehouse
Transportation and logistics services provider XPO Logistics is the first company to sign a lease at Becknell Industrial’s speculative 131,600-square-foot warehouse in Davie.
The recently completed facility at 2405 College Avenue sits on 10 acres just south of Port Everglades Expressway. XPO is leasing about 35 percent of the facility. The firm is entering the market in order to handle fulfillment services for a large construction supply company, according to a release.
CBRE’s Tom O’Loughlin and Larry Genet represented Becknell. The Carmel, Indiana-based real estate firm specializes in industrial development and management. XPO was represented by Russel E. Perry and Russell E. Perry Jr. of the R.E. Perry Company.
Becknell is also planning to complete a 69,000-square-foot facility in Pompano Beach by the fall.