Chewy Signs 222,000-SF Sublease Agreement For New National HQ
The pet retailer agreed to an eight year term.
The pet retailer agreed to an eight year term.
The new division will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
JLL represented the seller, Ivy Realty, in the sale of the property.
The building is still under construction and scheduled for completion in September 2021.
The firm recently completed an impressive thirty-one (31) warehouse and office lease and sales transactions
With the expansion, the company now occupies 104,996 square feet.
Steven Hurwitz, managing director with JLL, represented the landlord partnership in the transactions.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
“Like any great deal, this one was 5 years in the making. It was an extreme lesson in perseverance,” commented Genet.
The JLL brokerage team of Katie Fernandez-Espinosa, Vice President of Retail Advisory Services, and Rafael Romero, Senior Vice President of Retail Advisory Services, will be spearheading the retail and office leasing at the property on behalf of the ownership group Dubner Properties.
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