CBRE Group, Inc. arranged a 180,000-square-foot lease renewal and expansion for Holland America Group, which includes Princess Cruises, Seabourn, and Holland America Line cruise brands, at the Port 95 Commerce Park in Fort Lauderdale.
CBRE’s Ryan Nunes, Allen Lindow, Michael Dash, and Owen Rice arranged the transaction that both retains and expands Holland America Group’s presence in the Prologis-owned industrial development at 3659 SW 30th Avenue. CBRE Vice President Larry Genet and CBRE Senior Vice President Tom O’Loughlin represented the landlord, Prologis, via Market Officer Brad Stitchberry.
“Under the new lease arrangement, the Holland America Group will have the operational flexibility required as they continue to expand the brands under their corporate umbrella,” said CBRE’s Ryan Nunes.
This transaction continues the partnership CBRE has with Holland America Group after the successful completion of their headquarters relocation and consolidation in Seattle in 2015.
“CBRE has been a great partner as the Holland America Group has continued to grow. They have taken the time to understand the operational and economic drivers behind our organization and have successfully structured transactions which are accretive to our goal of being among the top cruise lines in the industry” said Gene Marino, Vice President Supply Chain at Holland America Group.
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