Michael Feuerman, Esq., SIOR, CCIM, Managing Director – Palm Beach County and Tenant Representation Specialist – South Florida with Berger Commercial Realty, represented Atlas Ocean Voyages in negotiations with landlord 1 East Broward Owner, LLC.
The established trio from Avison Young further strengthens JLL’s office agency leasing team across Broward and Palm Beach counties.
Avison Young brokered the sale.
The purchase equates to roughly $296 per square foot.
The firm first brought on David Bateman as Managing Director for his operational leadership, broker implementation experience, and 20-year track record including senior roles at CBRE and Avison Young.
The seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
Pricing expectations exceed $200 million.
The seller, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
The sale represents the largest industrial land transaction in Martin County since 2023.
The 25-acre site offers a blank canvas for redevelopment in an infill location surrounded by key demand drivers and amenities.