SoFla lease roundup: LVMH expands at 100 Biscayne & more

Somfy Systems and XPO Logistics signed deals in Boynton Beach and Davie

TRD MIAMI /
Apr.April 10, 2018 11:33 AM

From top-left to right clockwise: 1200 Southwest 35th Avenue, 100 Biscayne Amenity Area, 100 Biscayne Exterior and 2405 College Avenue

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.


Related Articles

arrow_forward_ios
Jeff Greene and 1601 North Congress Avenue (Google Maps)

Jeff Greene buys hotel in Boynton Beach for $19M

Jeff Greene buys hotel in Boynton Beach for $19M
6405 West Boynton Beach Boulevard rendering, Pebb Enterprises President and CEO Ian Weiner

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan

Sprouts-anchored mixed-use project in Boynton Beach scores $27M loan
4002-4082 Oak Landing Drive and Marcus & Millichap’s Joseph P. Thomas, Adam G. Duncan and Alec Demetriou (Credit: Google Maps)

Davie townhome rental project sells for $6M

Davie townhome rental project sells for $6M
Armando Codina and his daughter, Ana-Marie Codina Barlick and Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park

Biggest private corporation in US inks lease at Beacon Logistics Park
From left: Bastian Laggerbauer and Harry Blyden, with 5400 South University Drive

Argentine investor pays $11M for Davie office complex

Argentine investor pays $11M for Davie office complex
From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

South Florida properties involved in $85M debt relief scheme head to auction
The health conscious grocer Earth Fare will close its stores

Earth Fare will close South Florida stores

Earth Fare will close South Florida stores
1210 Southwest 35th Avenue and Elion Partners Shlomo Khoudari

Elion Partners pays $26M for Boynton Beach warehouses

Elion Partners pays $26M for Boynton Beach warehouses
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...