Hillsboro Technology Center is a co-development between Bristol Group and Butters Realty & Management and is situated on 75 acres at the northeast quadrant of Interstate 95 and Hillsboro Boulevard in Deerfield Beach.
Jeffrey Cebula, Senior Associate of the firm’s Tenant Representation Division, finalized the lease transaction on behalf of the tenant.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
Representing the Park in both transactions were Ryan Goggins and Peter Apol of Sunbeam Properties and Jonathan Kingsley of Colliers. John Marshall of JLL represented one of the tenants.
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.
Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team led the negotiations and represented the landlord, EastGroup Properties, in the deal.
For over four decades, he has actively excelled in the commercial real estate industry, gaining knowledge and expertise across retail, office, medical leasing, land assemblage, acquisitions/dispositions, and development.
Amanda Montanez and Tom Capocefalo of Savills represented the buyer, BF Aerospace, in the Sunrise building transaction.
The property consists of two conjoined 7,000-square-foot buildings situated on a 36,423-square-foot lot.
VSRE has also been contracted to develop apartment buildings, retail, and offices.