The Real Deal Miami

SoFla lease roundup: TSF Sportswear takes 173k sf at spec industrial park in Pompano & more

Patriot National, which filed for Chapter 11 earlier this year, moved from the Las Olas City Centre to Cypress Financial Center
By Amanda Rabines | May 22, 2018 12:35PM

BP Powerline Road, Cypress Financial Road, I-95 Center of Commerce and Pompano Business Center

TSF Sportswear leases warehouse at spec Pompano Beach industrial park

Florida-based wholesale apparel distributor TSF Sportswear just inked a 173,000-square-foot lease for a warehouse at Bridge Development Partners’ Bridge Point Powerline Road in Pompano Beach.

The company has more than 30 brands, including American Apparel, Dickies and Next Level Apparel. TSF Sportswear is the first to lease space at the speculative industrial park that is under construction at 1951 North Powerline Road.

Bridge plans to complete the three-building, 467,000-square-foot park by the third quarter of 2019, according to a press release. It sits on a 40-acre site between the Florida Turnpike and I-95 at 1951 North Powerline Road.

CBRE’s Tony Hoover and his team represented the developer.

Patriot National moves to Cypress Financial Center in Fort Lauderdale

Fort Lauderdale-based insurance company Patriot National is relocating its headquarters to an 18,828-square-foot office space at the 11-story, nearly 200,000-square-foot Cypress Financial Center in Fort Lauderdale.

Patriot National moved from the 15th and 16th floors of Fort Lauderdale’s Las Olas City Centre after it filed for Chapter 11 bankruptcy protection earlier this year.

Marcus & Millichap also renewed its lease at the Cypress Financial Center, at 5900 North Andrews Avenue, and expanded by 1,000 square feet for a total of 12,851 square feet. In all, the building secured about 32,000 square feet of leases.

Patriot National was represented by Stiles Realty and Marcus & Millichap was represented by Cresa. Cushman & Wakefield’s Travis Herring and Katherine Ridgway represented the landlord, Steelbridge, which paid $32.6 million for office complex in 2014 through a joint venture with Apollo Global Management.

Duke Realty’s industrial park in Fort Lauderdale is 100% leased

Duke Realty’s Interstate 95 Center of Commerce in Fort Lauderdale just secured more than 69,000 square feet of leases, bringing its two-building, 306,465-square-foot industrial portfolio to full occupancy.

Lanter Delivery Systems, a parts distributor, inked a 38,830-square-foot space at 2200 West Sunrise Boulevard and Mygrant Glass Company, an auto glass wholesaler, leased the remaining space, which spans 30,214 square feet.

The tenants join U.S. Venture, Floor & Décor and Broward Motor Sports at the industrial development.

The Indianapolis-based real estate investment trust paid $54.8 million in September for the 17.5-acre property, between I-95 and West Sunrise Boulevard.

Home Depot division signs lease at Pompano Business Center

Interline Brands, a division of Home Depot, just signed a 46,800-square-foot lease at Pompano Business Center.

The company, a wholesale distributor and direct marketer of maintenance, repair and operations products for non-industrial businesses, is moving into a warehouse at 2012 Northwest 25th Street in Pompano Beach.

CBRE’s Tom O’Loughlin and Larry Genet negotiated a lease on behalf of the landlord, Clarion Partners. Interline Brands was represented by Cushman’s Rick Etner.