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MIAMI-Robert Smith, VP with the Palm Beach County office of CB Richard Ellis Inc., tells GlobeSt.com that “location, location, location” is the reason he has inked a slew of new leases recently at Premier Gateway Center in Boynton Beach, FL. Three more deals were just finalized for more than 66,000 sf of industrial/warehouse space there.

One is with Goodwill Industries, which leased 34,280 sf in Building 3 at Premier Gateway Center. Building 3 is scheduled to break ground in the next couple of weeks and should be completed by July. The seven-year lease is valued at approximately $1.5 million, which translates to about $6.25 per sf.

Also in Building 3 will be Indiana Power and Transmission, which leased 23,516 sf. This six-year lease is valued at approximately $1 million, or $6.50 per sf at start.

In a third deal, this one in the already-completed Building 1 in Premier Gateway Center, Special Events & Design Group leased 8,560 sf in a five-year deal valued at approximately $350,000, beginning at about $7.15 per sf.

Premier Commercial Realty Inc. of Pompano Beach, FL also plans to break ground on Building 2 in the next couple of weeks, says Smith. This 100,000-sf building is already half leased, he says. However, he did not want to release tenant names quite yet.

Smith attributes the leasing success with to “just having a good location.” Both Building 2 and Building 3 will break ground at the same time, he says. The asking rental range in the new buildings will be approximately $6.50 to $7 per sf, he says. Premier Gateway Center is in Quantum Business Park.

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