Cushman & Wakefield announced that it has negotiated a full-building lease with O.C. Communications (OCC) at Prologis Pompano Industrial Center in Pompano Beach.
The Industrial Leasing Team of Executive Director Christopher Metzger, Executive Director Richard F. Etner, Senior Director Christopher Thomson and Associate Director Matthew G. McAllister represented building owner Prologis in the 25,300-square-foot lease.
Prologis Pompano Industrial Center features a ±5,336-square-foot office/showroom, warehouse clear height in excess of 19 feet, six dock-high doors with three edge-of-dock levelers, one drive-in ramp, and a secured and fenced rear storage yard. The building is located at 2151 Blount Road.
OCC is one of the largest national fulfillment contractors for low-voltage installations. With locations across California and Florida, the company installs more than 80,000 miles of cable each year — enough to encircle the world three times. The company is relocating its Hollywood, Florida operations to the Prologis Pompano Industrial Center. OCC also has locations in Hialeah, Fort Myers and Boynton Beach.
“OCC needed more space and parking for their vehicles,” said Metzger. “The freestanding, secured Prologis building was the perfect fit for them.”
According to Cushman & Wakefield research, the Broward County industrial market remains extremely active driven by significant employment growth.
“In the last twelve months, Broward County’s vacancy decreased to 6.5 percent, a decline of 80 basis points. Warehouse/distribution space experienced a decline of 50 basis points to 7.1 percent, with manufacturing and office services having steeper drops, each falling by 140 basis points over the year,” wrote Senior Research Analyst Valerie Tatum in the firm’s 4Q 2015 Broward County Industrial MarketBeat Report. “The industrial market remained active as year-to-date leasing activity reached over 4.2 million square feet and overall absorption experienced a two-year high of 900,000 square feet.”
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