Coastal Commercial Group’s Ingrid Kennemer, CCIM represented TRX with its multi-year lease to move into a state-of-the-art, 12,000-square-foot property. Drew Schaul, Paul Grossman, and Alex Cesar of CBRE represented the landlord.
Following these transactions, there remains only 76,373 square feet in the newly constructed Building H, featuring 2,330 square feet of modern office.
The sale closed at a record $784 per square foot.
Senior Vice President Keith Graves, CCIM and Vice President Jonathan Thiel will serve as the exclusive leasing agents.
Berger Commercial Realty Senior Vice President Keith R. Graves, CCIM, Vice President Jonathan Thiel, and Sales Associate James Karrat, represented the landlord in the deals.
In the less than 24 hours since Bloomberg first reported the listing, investors from the U.S., Latin America, Europe, the United Arab Emirates and Canada have already expressed interest in acquiring the site.
“As Port Everglades Distribution Center was nearing completion, Challenge Warehousing initially agreed to terms to lease half of the new building. Within one month of leasing 41,099 square feet, Challenge won some new customers and they quickly decided to lease the entire building,” explained Conte.
The long-term lease brings Building A to 100% occupancy.
Tom O’Loughlin of CBRE represented the landlord, GPT SW 12TH AVENUE OWNER LLC, in the lease deal.
JC Conte, SIOR and Brian T. Ahearn, CCIM represented the tenant in the lease deal.