Meal Delivery Service Inks 43K SF Lease At Prologis Airport Center In West Palm Beach
Colliers Executive Vice President Scott Weprin represented the tenant in the lease transaction, while CBRE represented the landlord, Prologis, in the negotiations.
Colliers Executive Vice President Scott Weprin represented the tenant in the lease transaction, while CBRE represented the landlord, Prologis, in the negotiations.
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
EML Realty Partners owns over 50 other buildings throughout the state of Florida and multiple industrial assets located within Jupiter Commerce Park.
The facility was 100% leased to 12 tenants that are critical to the local economy and service the immediate area.
The new development is slated to become one of the first infill logistics projects located along US 441.
The portfolio is strategically located across key industrial hubs, totaling 40,606 square feet of RBA and sitting on 6.3 acres.
This partnership will allow Bridge and CPP Investments to target high-quality industrial properties in key markets, as retailers compete for faster shipping times despite increasingly limited space for new warehouse construction.
In this role, the two executive leaders will work closely with the Altman Logistics Properties leadership team to provide advisory services focused on organizational growth, corporate strategy and real estate technology and innovation in support of the company’s business development and growth.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
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