Aerospace Company Expands South Florida Footprint With 100,000 SF Weston Lease
The new Weston location is near the company’s existing 64,000-square-foot headquarters in Miramar.
The new Weston location is near the company’s existing 64,000-square-foot headquarters in Miramar.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”
Two retail advisors have joined the firm in Miami as Executive Managing Director and Executive Director, respectively, strengthening its retail leasing and advisory capabilities across South Florida and the broader Americas region.
Cushman & Wakefield’s Jeannette Mendoza represented ownership, while Shay Pope of Stream Realty and Michael Phipps of CBRE represented the tenant.
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
The 7.75-acre development site sold for nearly $6.6 million.
The development plans include building an additional 392,000 square feet for a total of three planned state-of-the-art industrial buildings.
The lease transactions are valued at more than $56 million.
The asset was 84.1% leased at the time of the transaction.
The portfolio totals 354,336 square feet and includes eight buildings.
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