Major Broward Campus Changes Hands Ahead of Completion

A large industrial campus nearing completion in Broward County has been acquired by an aviation finance company planning to use the property as its new corporate headquarters.

Willis Lease Finance Corporation purchased Cocomar Business Park, a three-building development in Coconut Creek totaling approximately 375,000 square feet. The 35-acre property is located at 4733, 4763 and 4851 West Atlantic Boulevard and is expected to be completed during the third quarter of 2026.

The publicly traded company specializes in leasing commercial aircraft engines, aircraft and other aviation-related equipment. Willis Lease Finance is already headquartered in Coconut Creek, where it owns approximately 60,000 square feet at 4700 Lyons Technology Parkway. It also leases additional facilities in Pompano Beach and Sunrise.

Cocomar Business Park will provide the company with a substantially larger South Florida base. Plans for the campus include industrial facilities with 32-foot clear heights, 78 dock doors and 313 parking spaces, along with office and conference areas incorporated into each building.

Greystar, through an affiliated entity, sold the property. The company had acquired the development site in 2025 for $30.5 million before moving forward with construction of the industrial campus.

The acquisition reflects an increasingly important segment of South Florida’s industrial market: companies purchasing modern logistics and industrial properties not simply as investments, but as strategic operating facilities capable of consolidating corporate and business functions.

For Willis Lease Finance, the Coconut Creek campus provides significantly more space as the company manages a global aviation portfolio that included hundreds of aircraft engines and other leased assets serving customers across dozens of countries at the end of 2025.

Key Facts

• Property: Cocomar Business Park
• Location: Coconut Creek, Broward County, Florida
• Buyer: Willis Lease Finance Corporation
• Seller: Greystar affiliate
• Size: Approximately 375,000 square feet
• Buildings: Three
• Site: Approximately 35 acres
• Expected Completion: Third quarter 2026
• Planned Use: New corporate headquarters
• Source: Commercial Observer, August 17, 2026

 

Source:  Commercial Observer