Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in the deals.
The three leases bring the ±180,306-square-foot industrial building to full occupancy.
The Cushman & Wakefield team was comprised of Matthew G. McAllister, Chris Metzger, Richard F. Etner Jr., and Christopher Thomson. Pete Sheridan of JLL represented the building’s owner, Prologis.
“This free-standing, single-user industrial building is a rare find that is in high demand in today’s highly competitive industrial market,” said Etner.
The 155,508-square-foot industrial asset sold for $17 million.
Les Byron of Sperry Van Ness represented the tenant.
A leading developer and manufacturer of pet medication is expanding its presence within Palm Beach Park of Commerce, with plans to add 40+ high-paying jobs.
The Cushman & Wakefield South Florida Industrial Team – Christopher Thomson, Alex VanDresser, Rick Etner, Chris Metzger and Matt McAllister – represented the landlord, Cabot Properties, in the lease negotiations.
“I am looking forward to a rewarding new year in commercial real estate,” said 2021 NAIOP South Florida Chapter President Ryan Nee. “As president, I will work to facilitate new alliances among members that will support personal, professional and economic development throughout the tri-county. While the pandemic limited face-to-face engagement in 2020, we are eagerly committed to offering new ways for our members to engage and thrive in 2021.”
The deal marks a 12,000-square-foot expansion.
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