MIAMI—In one of the largest industrial leases in Broward County of the year, Stiles Realty inked a deal that put Fanatics Mounted Memorabilia into 178,791 square feet of industrial space at Sawgrass International Corporate Park. Stiles originally built the industrial park, which is located at 251 International Parkway in Sunrise.
Stiles' Norm Adams represented Fanatics in the sublease transaction. Tom O'Loughlin of CBRE represented the sublessor. This deal follows Fanatic's recent 15,000-square-foot headquarters lease at the Plaza at Las Olas in Downtown Fort Lauderdale, where it relocated from Plantation.
Adams says was a particularly complicated transaction due to it being a sublease agreement with Perfumania, the original tenant: “This lease is a testament to the creative lease negotiations completed by all parties involved,” he says. “This is an exceptional location for their South Florida distribution facility, and will help Fanatics to achieve their aggressive growth goals."
One of South Florida's largest office parks, SIPC features 612 acres of business space catering to everything from high-tech manufacturing and R&D to executive office suites and mid-rise class A office projects. The park located at 1100 International Parkway was originally developed by Stiles in 1994 and is bound by Interstate 595, Interstate 75, and Sunrise Boulevard.
“It was difficult to find both prime headquarters and large warehouse space in Broward that are located in close proximity to major highways and offered the right amenities for our company,” says Ross Tannenbaum, CEO of Fanatics. Fanatics is one of the largest online retailers of officially licensed sports merchandise.
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