Easton & Associates Reps Tenant In 125,000-SF Lease Renewal At Flagler Station
The tenant, which manufactures and distributes professional salon apparel and accessories, occupies approximately 75% of a multi-tenant building in Flagler Station.
The tenant, which manufactures and distributes professional salon apparel and accessories, occupies approximately 75% of a multi-tenant building in Flagler Station.
JLL Senior Managing Director Doug Okun and Executive Managing Directors Zach Winkler and Steven Hurwitz represented the ownership group, Vanderbilt Office Properties, in the new lease transactions and renewals.
The milestone follows the final 76,605-square-foot lease to Vision Aerospace, an FAA- and EASA-certified Part 145 repair station, bringing the project to 100% occupancy on behalf of the owner, Link Logistics.
Transwestern’s Carlos Gaviria and Walter Byrd represented the owner, Link Logistics, in the transactions, which range from 27,086 to 61,724 square feet.
The sale marks a substantial increase in value from the portfolio’s previous trade in 2016, when it sold for $77.25 million.
Steve Medwin and Nick Wigoda of Stream Realty Partners represented the landlord in the transaction.
The recent leasing activity includes a 150,181-square-foot lease in Building A to an aviation maintenance provider specializing in jet engine repair and maintenance, a packaging company focused on plastic bottle manufacturing, leased 73,467 square feet in Building B, and the remaining 24,288 square feet available in Building C was leased by a Brazilian shoe manufacturer.
Stream’s Managing Directors and Executive Vice Presidents Nick Wigoda and Steve Medwin will lead the leasing efforts on behalf of ownership.
Ted Elam, Principal at Foundry Commercial, will serve as president for the distinguished real estate organization, known for its comprehensive industrial, office, and real estate finance reports.
The park offers 344,940 square feet of purpose-built industrial space engineered for the region’s booming distribution and logistics needs.
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