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MIAMI-Rob Branson Inc. has nearly tripled its size by signing a new lease for an additional 18,000 sf of warehouse/distribution space in Boca Raton, FL. The long-term tenant’s new lease is estimated to be valued at approximately $720,000 gross, based on an $8 per-sf gross rent in the building.

Rob Branson Inc. manufactures decorative stone and marble largely for high-end homebuilding. The company was a tenant in the building before the new lease was signed, occupying 8,400 sf. It expanded to a total of about 26,400 sf.

The two leases have relatively close termination dates, according to Jeff Kelly, a broker involved in the new transaction. The space is located at 4726 NW 2nd Ave. in an individual warehouse building. The multi-tenant building is 100% occupied. The property owner is Gulfside Supply Inc.

Kelly, senior vice president with the Palm Beach County office of CB Richard Ellis Inc., represented Gulfside Supply in the lease.

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