Cushman & Wakefield Arranges 94,000-SF Lease At Elion Partners Industrial Facility

Cushman & Wakefield has arranged a 93,873-square-foot, full-building industrial lease at a previously vacant warehouse / distribution facility in Pompano Beach. The tenant, Unique Wholesale Distributors, is a Fort Lauderdale-based affiliate of national window treatment company The Shade Store.

The Cushman & Wakefield South Florida Industrial Team of Executive Managing Director Rick Etner, Executive Managing Director Chris Metzger, Executive Managing Director Christopher Thomson and Senior Director Matt McAllister represented landlord Elion Partners in the lease negotiations. Les Byron of Sperry Van Ness represented the tenant.

Elion Partners, a national real estate investment firm with a growing South Florida portfolio, acquired the Pompano Beach property in November 2020 as a speculative investment. The facility was originally developed as a build-to-suit for Bennett Automotive.

“This deal attests to the value we provide to our clients, as there was no downtime for the landlord,” said McAllister. “After representing Elion Partners in the acquisition of this building in late November, our team negotiated a short-term extension with the seller to allow them time to vacate the premises. Within 30 days of closing, we had agreed to terms on a proposal with Unique Wholesale Distributors to take the entire building. Forty days after that, the lease was signed and we were able to bring the building from 0% to 100% occupancy with a great tenant on a long-term lease.”

Established in 1980, Unique Wholesale Distributors is one of the leading shading fabricators in the United States. The company’s portfolio includes innovative, fashionable custom-made roller shades, horizontal blinds, panel tracks, and various other window treatments and accessories made from the world’s leading brands and manufacturers.

The lakefront property, at 3141 SW 10th St., sits on 5.38 acres situated off Powerline Road and provides convenient access to Interstate 95 and Florida’s Turnpike. Built in 2001, the facility features eight dock high doors, 26-to-29-foot clear heights, two ramps and 104 vehicle parking spaces.

“We appreciate Elion Partners for their continued trust in our team and for working diligently with us through these transactions,” McAllister added. “A special thank you to Les Byron with SVN as well, who represented the tenant.”

 

 

Share and Enjoy:
  • email
  • Facebook
  • LinkedIn
  • Twitter
 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

 

CLICK HERE TO SUBSCRIBE TODAY!

 
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.