“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.
Raul Bode and Alexander Bernaldo, SIOR, represented the seller, 6450 Building, LLC and Alex Shather of Politan Real Estate LLC represented the buyer, Rene Hernandez, in the transaction.
The long-term lease brings Building A to 100% occupancy.
NAI/Merin Hunter Codman, Inc. Chairman Neil E. Merin, SIOR, CCIM and Managing Director Adam Starr finalized the lease transaction.
Berger Commercial Realty/Corfac International Managing Director-Palm Beach County Michael Feuerman, Esq., SIOR, CCIM and Sales Associate Daniel Silver, along with Matt Sultenfuss, SIOR, Managing Partner at Tampa-based Avocat Group, negotiated the deal on behalf of the tenant.
Roger Zuniga and Stephen DiGiacomo represented AllPlus Computer Systems in the transactions.
The leading Miami-based brokerage and advisory firm has closed more than 13 million square feet of deals.
The industrial portfolio includes approximately 750,050 square feet of warehouse space and a land parcel totaling approximately 13.2 acres.
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
The sales price equates to $193.00 per square foot.
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