Cushman & Wakefield announced that it has negotiated a new 15,240-square-foot industrial lease at Prologis Seneca Park in Pembroke Park.
Associate Director Matthew G. McAllister, Executive Director Richard F. Etner, Executive Director Christopher Metzger and Senior Director Christopher Thomson represented Prologis in its lease with Innovative Coverings of America (ICA Group), a firm specializing in synthetic coverings for terrestrial and marine applications.
ICA Group is relocating from its 7,000-square-foot Hollywood, Florida location and doubling its footprint. The firm will occupy the new space, which features ±3,416 square feet of office, in May.
Prologis Seneca Park is an industrial park consisting of approximately 1.4 million square feet of warehouse/distribution space. The 168,755-square-foot Class A building ICA will occupy offers 30-foot clear heights, two dock-high doors, one grade-level door and a building depth of nearly 191 feet.
“Prologis Seneca Park provided ICA Group with the perfect solution to its relocation and expansion needs,” said McAllister. “The property’s central location allows the firm to better serve its clientele throughout South Florida, while the additional space will help foster operational growth.”
According to Cushman & Wakefield research, the Broward County industrial market continues to post strong fundamentals and is expected to exhibit continued growth in the short term.
“Demand for space remained strong with an array of new-to-market and existing tenants seeking space or looking to expand,” wrote Senior Research Analyst Valerie Tatum in the firm’s 1Q 2016 Broward County Industrial MarketBeat Report.
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