Cushman & Wakefield Secures ±152,573-SF Lease With Ryder Logistics

Cushman & Wakefield’s South Florida Industrial Team has negotiated a ±152,573-square-foot lease with Ryder Logistics at Cabot Miramar in Broward County.

The Cushman & Wakefield team of Matt McAllister, Chris Metzger, Rick Etner Jr., and Christopher Thomson represented Boston-based building owner Cabot Properties in the lease negotiations. Jose and Sebastian Juncadella of Fairchild Partners represented Ryder Logistics.

Ryder Logistics relocated and expanded its third-party logistics operations to Cabot Miramar from Seneca Park in Pembroke Pines, where it previously occupied ±80,000 square feet. The company will take occupancy immediately.

Cabot Miramar is a ±304,428-square-foot distribution center developed on a ±20-acre site at 15501 SW 29th Street in Miramar Centre Business Park. The rear-load distribution facility features Interstate 75 visibility, spec office, 32-foot clear height, a 130-foot truck court, 48 dock doors, 50-foot by 50-foot column spacing, an ESFR (Early Suppression, Fast Response) fire safety system, energy-efficient T–5 lighting, as well as restaurants and shops within walking distance.

The building is centrally located in South Florida, providing exceptional access to the region’s numerous international airports and seaports as well as the Tri-County area’s major thoroughfares — Interstate 75, Interstate 595 and Florida’s Turnpike.

Cabot Miramar is now 100 percent leased. Other notable tenants include Aero Accessories and All Clear.

Cabot Properties recently acquired Cabot Miramar and retained the South Florida Industrial Team as leasing advisor. Cushman & Wakefield has also leased the building for the three prior owners as well, dating back to 2015 when the asset came on-line.

“Our team’s long history with Cabot Miramar provided us with the experience and market knowledge to connect Cabot Properties with ideal tenants,” said McAllister. “We are extremely pleased to have brought the building to full occupancy shortly after the Cabot acquisition. This deal is a win-win for both parties.”

The seven-member South Florida Industrial team led by Metzger, Etner, and Thomson negotiated just over 17 million square feet of sale and lease transactions valued at more than $593 million in 2021.