The purchase represents the expansion of the companies’ manufacturing facility from an 18,000-square-foot location in Fort Lauderdale to more than double the space at the new site in Pompano Beach.
The JLL team of Executive Managing Director Sky Groden and Vice President Jeremy Cain will spearhead the property’s leasing.
Colliers South Florida Senior Director Ronald Schagrin represented the tenant in negotiating the long-term lease. Chris Metzger of Cushman & Wakefield represented the lessor.
Stiles Senior Vice President Kimberly Barbar represented the seller in the transaction.
Native Realty, PEBB Enterprises and NAI/Merin Hunter Codman have recently announced new hires.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin represented the seller, New York-based Imperium Capital, in the transaction.
Senior Vice President Keith Graves, CCIM and Vice President Jonathan Thiel will serve as the exclusive leasing agents.
Berger Commercial Realty Senior Vice President Keith R. Graves, CCIM, Vice President Jonathan Thiel, and Sales Associate James Karrat, represented the landlord in the deals.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
The purchase price was $35.02 million, in excess of $375 per square foot of leasable space.