SVN Commercial Realty’s Les Byron Inks 40,000 SF Industrial Lease
The lease is valued at $1.7 million.
The lease is valued at $1.7 million.
The long-term lease renewal keeps the occupancy rate for TA Realty’s two buildings in Port 95 Industrial Park, which total 151,389 square feet, at 100%.
The fulfillment center, which would employ 1,000 full-time staffers, would be Amazon’s fourth in South Florida and will service orders from cities across the country, Amazon said Tuesday.
Coastal Waste & Recycling of Broward County, LLC sold the facility, which is situated on 1.88 acres of land, for $4,500,000.
The deals bring the industrial center to 100% occupied.
Pompano Crown LLC purchased the buildings with plans to renovate and re-lease the currently vacated space.
A long-standing 44,000-square-foot tenant at the 515,000-square-foot Lauderdale Lakes Industrial Park, which is managed and leased by Levy Realty Advisors, purchased the building.
The deal marks a 12,000-square-foot expansion.
The acquisition increases the company’s South Florida portfolio to 101 buildings totaling over 5.2 million square feet.
The tenant is a full-service moving, delivery, storage, and warehousing company.
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