Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIRAMAR, FL-Kitchen and bath cabinetry supplier Dellacasa has inked a 34,471-sf lease for space at 3900 Executive Way in the Miramar Park of Commerce.

The company, which is a designer, contractor and supplier of custom European-style kitchen and bath cabinetry, will relocate its headquarters from Fort Lauderdale to Miramar Park of Commerce 5. The company’s new location will include administrative and sales offices, a warehouse facility and showroom.

“We relocated Dellacasa’s headquarters to Miramar Park of Commerce because it allows us to conveniently service our developers in Florida and continue to pursue clients in other markets as well,” says Dellacasa president Paolo Della Casa.

Maridee Bell of Sunbeam Properties, developers of the Miramar Park of Commerce, handled the lease transaction. Organized in 1999, Dellacasa sells Italian-designed products for kitchens and bathrooms. The company also has a showroom in Coral Gables. The Miramar Park of Commerce is the largest corporate park in Broward County with more than 4.5 million sf of space and more than 160 companies located there.

The lease is indicative of strong leasing trends in the office and industrial sectors in the Southwest Broward area. Both sectors are marked by increased demand and limited available space, according to CB Richard Ellis Q2 market reports. In the office sector, the vacancy rate dropped from 7.3% in Q1 to 5.1% in Q2 while average asking rental rates rose from $18.75 per sf in Q1 to $19.93 per sf in Q2. In the industrial sector, the vacancy rate dropped from 7.1% in Q1 to 5.7% in Q2 while average asking rates rose from $7.19 per sf in Q1 to $7.94 per sf in Q2.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.