CBRE Facilitates 26,000 SF Office Lease Renewal, Expansion For Quest Workspaces
Quest currently occupies 12,783 square feet on the third floor and will take an additional 13,164 square feet on the fourth floor, which they will occupy in October.
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Quest currently occupies 12,783 square feet on the third floor and will take an additional 13,164 square feet on the fourth floor, which they will occupy in October.
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
The asset is 87 percent leased to a diversified tenant roster with five or more years of weighted average lease term.
The transaction marks one of the highest sales for industrial land in North Fort Lauderdale.
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The to-be-built warehouse will total 174,348 square feet.
The property was the former headquarters of the family-owned and operated Rex Discount.
The 15-unit waterfront condo is centrally located in North Bay Village.
Berger Commercial Realty/Corfac International Managing Director-Palm Beach County Michael Feuerman, Esq., SIOR, CCIM and Sales Associate Daniel Silver, along with Matt Sultenfuss, SIOR, Managing Partner at Tampa-based Avocat Group, negotiated the deal on behalf of the tenant.
The company announced the start of the 501,224-square-foot speculative development at 10300 NW 121st Way in Medley in May 2021. The building is now 100 percent leased.
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