Berger Commercial Realty’s Graves, Thiel, Forman, & Oxenberg Announce 84,000 SF Lease Renewal, Expansion At Parkway Commerce Center
The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
The properties are occupied by Taco Bell and Burger King.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
The new tenants will occupy a total of 22,213 square feet of space.
Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.
Vice President Bradley Arendt, Executive Vice President Mika Mattingly and Associate Jonathan Papeika of the Colliers South Florida Urban Core Division represented the seller in the transaction. Ryan Shaw of Marcus & Millichap represented the buyer.
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The sale was conducted as an all-cash transaction, underscoring the strong demand for real estate in this vibrant market.
The 134,267-square-foot warehouse is ready for tenant buildouts and can support many large operations.
The new leases cover a total of 65,800 square feet and include a combination of recently opened stores as well as those set to open later this year and in 2025.
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