“As Port Everglades Distribution Center was nearing completion, Challenge Warehousing initially agreed to terms to lease half of the new building. Within one month of leasing 41,099 square feet, Challenge won some new customers and they quickly decided to lease the entire building,” explained Conte.
CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon negotiated the sale.
Chris Metzger, Rick Etner Jr., Christopher Thomson, and Matt McAllister of Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations.
The portfolio totals 895,958 square feet.
“These two industrial assets offer an exceptional value-add opportunity in both of these booming industrial markets,” commented Alex Redfearn, Principal and Founder of Redfearn Capital. “Our team was able to secure both properties off market and execute in a challenging economic environment.”
Before joining Colliers, Pace served as a Senior Leasing Representative for Duke Realty.
Rodriguez will be based in Miami in the role of Colliers’ national director of industrial services.
The long-term lease brings Building A to 100% occupancy.
The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
Dauerflora USA, Inc. inked a long-term industrial lease at I-595 Business Center located at 3500-3536 SW 30th Avenue in Dania Beach.