Cushman & Wakefield Awarded 225,000-SF Leasing Assignment

Cushman & Wakefield has been exclusively awarded the 224,560-square-foot leasing assignment for the South Florida Distribution Center Building A located at 20311 Sheridan St. in Pembroke Pines.

The building is currently vacant and once served as a manufacturing facility and corporate accounting office for Bang Energy.

Matthew G. McAllister and Christopher Thomson of Cushman & Wakefield’s South Florida Industrial Team are overseeing leasing efforts at the South Florida Distribution Center on behalf of the property’s new landlord. Last month, the South Florida Industrial Team assisted with the sale of the building and approximately 23.2 acres of land to Dogwood Industrial Properties and Summit Real Estate Group’s Arrowrock US Industrial Fund.

“We’re grateful to be working alongside ownership to help connect them with the best industrial-focused tenants for their newly acquired property. This Class A distribution space has the unique ability to house multiple tenants under roof and offers several floorplans to suit a variety of business needs, so we expect it will generate significant interest in the market,” said McAllister, Managing Director at Cushman & Wakefield.

Situated along Sheridan Street (SR 882) in the Southwest Broward submarket of Broward County, the South Florida Distribution Center boasts convenient access to primary South Florida transportation arteries and ports via I-75, I-595, Highway 27, and Florida’s Turnpike. The building also offers three separate bays of varying sizes for lease, each equipped with dedicated office space and dock high doors.

“Florida has been growing at a steady pace and the market aligns with our growth plans for the Southeast. We’re confident in our intentional investment of this property, which sits in one of the most active parts of Broward County and will be a premier location for prominent players in the industrial sector,” said Max Holter, Managing Director, Investments, at Summit Real Estate Group.

Summit Real Estate Group is planning extensive make-ready work and collaborating with Cushman & Wakefield to actively market the building for lease. 86,860 square feet is available for immediate occupancy and an additional 137,700 square feet will be available for occupancy during the second quarter of 2024.

The adjacent ±23.2 acres of land are zoned for industrial ground-up development. Construction of a 281,145-square-foot spec industrial building is anticipated to commence early next year.