X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DEERFIELD BEACH, FL-Airspares Network Inc., an international airline parts distributor, has inked a 30,750-sf lease at Quorum Business Center here. The value of the lease was not disclosed, but based on the average distribution space rental rate in the second-quarter industrial report by Cushman & Wakefield for that submarket, the five-year lease is estimated to be worth approximately $913,275.

Airspares Network plans to use the space for an additional distribution location starting in October. Quorum Business Center, located on the northeast corner of Southwest 10th Street and South Military Trail, features six single-story office and warehouse buildings that were built from 1986 to 1987 and have about 392,000 total rentable sf.

Quorum Business Center is 88% occupied. Other tenants include DHL Airways, Lighting Components and The Ryan Corp.

Adam C. Starr, senior associate with Trammell Crow Co., represented the property owner, Quorum Business Center LLC, in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.