MIAMI—Lufthansa just inked a 19,913-square-foot lease at Port 95 Business Center in Dania Beach, FL. Lufthansa is expected to occupy the space in June.
Cushman & Wakefield executive director Christopher Metzger, executive director Richard F. Etner, senior director Christopher Thomson, and associate director Matthew G. McAllister represented building owner MSG Port 95. In November 2014, Metzger, Etner and Thomson represented developer Bridge Development in the $27 million sale of Port 95 Business Center to MSG Port 95.
“Port 95 Business Center is a perfect fit for Lufthansa,” Metzger tells GlobeSt.com. “It provides a state-of-the-art warehouse and distribution center adjacent to an international airport.”
Located at 2650 SW 36th Street, Port 95 Business Center includes two class A distribution buildings spanning 230,036 square feet. The building sits immediately west of Fort Lauderdale-Hollywood International Airport.
The building's location in the Southeast Broward industrial market offers access to Interstate 95, Interstate 595, Florida's Turnpike, Interstate 75, and the Sawgrass Expressway. The buildings offer a total of 72 dock-high doors and eight drive-in doors, ESFR fire sprinkler system, energy efficient T–5 warehouse lighting, 32' ceiling clear heights, and offices built-to-suit.
“Investors with an urban or primary market focus may become more active in second-tier infill markets such as Dania Beach, Downtown Lake Worth, Riviera Beach and east Hollywood,” Brad Capas, president of CapasGroup Realty Advisors, tells GlobeSt.com. “All of these communities offer excellent, untapped potential but have yet to experience sufficient investment and development activity to achieve the critical mass necessary to establish them as widely-targeted investment markets.”
Europe's largest airline, Lufthansa, will house its Component Services subsidiary of Lufthansa Technik at Port 95 Business Center. Component Services handles the regional sale, distribution and maintenance of aircraft parts for Lufthansa's fleet.
According to CushWake research, Broward County's industrial market continues to post strong market fundamentals with unprecedented rent growth. “Broward County is expected to remain a top industrial market in South Florida by providing space options that meet today's tenant's requirements,” wrote senior research analyst Valerie Tatum in the firm's 4Q 2015 Broward County Industrial MarketBeat Report. “Activity and demand has moved north in the County creating new opportunities and development possibilities. With strong absorption, rising rental rates and healthy leasing activity, Cushman & Wakefield forecasts solid improvement in the industrial market for all of Broward County in 2016.”
MIAMI—Lufthansa just inked a 19,913-square-foot lease at Port 95 Business Center in Dania Beach, FL. Lufthansa is expected to occupy the space in June.
Cushman & Wakefield executive director Christopher Metzger, executive director Richard F. Etner, senior director Christopher Thomson, and associate director Matthew G. McAllister represented building owner MSG Port 95. In November 2014, Metzger, Etner and Thomson represented developer Bridge Development in the $27 million sale of Port 95 Business Center to MSG Port 95.
“Port 95 Business Center is a perfect fit for Lufthansa,” Metzger tells GlobeSt.com. “It provides a state-of-the-art warehouse and distribution center adjacent to an international airport.”
Located at 2650 SW 36th Street, Port 95 Business Center includes two class A distribution buildings spanning 230,036 square feet. The building sits immediately west of Fort Lauderdale-Hollywood International Airport.
The building's location in the Southeast Broward industrial market offers access to Interstate 95, Interstate 595, Florida's Turnpike, Interstate 75, and the Sawgrass Expressway. The buildings offer a total of 72 dock-high doors and eight drive-in doors, ESFR fire sprinkler system, energy efficient T–5 warehouse lighting, 32' ceiling clear heights, and offices built-to-suit.
“Investors with an urban or primary market focus may become more active in second-tier infill markets such as Dania Beach, Downtown Lake Worth, Riviera Beach and east Hollywood,” Brad Capas, president of CapasGroup Realty Advisors, tells GlobeSt.com. “All of these communities offer excellent, untapped potential but have yet to experience sufficient investment and development activity to achieve the critical mass necessary to establish them as widely-targeted investment markets.”
Europe's largest airline, Lufthansa, will house its Component Services subsidiary of Lufthansa Technik at Port 95 Business Center. Component Services handles the regional sale, distribution and maintenance of aircraft parts for Lufthansa's fleet.
According to CushWake research, Broward County's industrial market continues to post strong market fundamentals with unprecedented rent growth. “Broward County is expected to remain a top industrial market in South Florida by providing space options that meet today's tenant's requirements,” wrote senior research analyst Valerie Tatum in the firm's 4Q 2015 Broward County Industrial MarketBeat Report. “Activity and demand has moved north in the County creating new opportunities and development possibilities. With strong absorption, rising rental rates and healthy leasing activity, Cushman & Wakefield forecasts solid improvement in the industrial market for all of Broward County in 2016.”
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