The Real Deal Miami

Lease roundup: ShipMonk expands to new HQ in Fort Lauderdale & more

Best Buy and Ryder signed deals at Pembroke Park complex
By Amanda Rabines | December 05, 2018 09:45AM

Clockwise from bottom left: Bridge Point Riverbend, 5400 Northwest 161st Street and Seneca Industrial Park

ShipMonk first to lease at Bridge Point Riverbend in Fort Lauderdale

Logistics company ShipMonk is moving to Bridge Point Riverbend, a new 221,542-square-foot industrial building in Fort Lauderdale.

The 170,447-square-foot long-term lease brings occupancy to 77 percent at the industrial development, which will be completed later this month. ShipMonk will move out of its 90,000-square-foot headquarters in Deerfield Beach by the second quarter of 2019.

Bridge Point Riverbend, at 201 Northwest 22nd Avenue, is being developed by Bridge Development Partners, Akard Street Partners, Banner Oak Capital Partners and Elion Partners. It’s near Fort Lauderdale-Hollywood International Airport and Port Everglades.

Next door developer Dev Motwani plans to build a three-story, 130,700-square-foot self-storage facility, with about 8,000 square feet of retail.

Seneca Industrial Park fully leased

Seneca Industrial Park, an 885,000-square-foot distribution and warehouse park located in Pembroke Park, just secured 98,117 square feet of leases.

Best Buy Company took the remaining 27,256 square feet. Best Buy was represented by Craig Fetherston of the Shopping Center Group.

Transportation and logistics company Ryder also renewed its 70,861-square-foot lease at Seneca Industrial Park. Tom O’Loughlin of CBRE represented Ryder.

Transwestern’s Thomas Kresse, Ben Eisenberg, Walter Byrd and Carlos Gaviria represented the landlord, an affiliate of the investment management arm of TIAA, Nuveen Investments. TIAA-CREF purchased Nuveen for $6.25 billion in 2014.

Universal Chilling moves HQ to Miami Gardens

Universal Chilling Systems just moved from Hialeah into an 11,200-square-foot warehouse at 5400 Northwest 161st Street in Miami Gardens.

The company provides cooling solutions for chemical processing, pharmaceutical, food and beverage and other industries.

Jordan Todd of International Sales Group and Raydel Enriquez of Vivo Real Estate Group represented the tenant. Mike Waite of the Easton Group represented the landlord, Seagis Property Group