Richard F. Etner Jr., Christopher Metzger, Christopher Thomson and Matthew G. McAllister Signed a 73,759-SF Lease with The Spice Lab Bringing Robinson Weeks Partners’ 330,000-SF Distribution Campus to Full Occupancy
Cushman & Wakefieldannounced today that it has negotiated a 73,759-square-foot distribution warehouse lease at Pompano Distribution Center (PDC) II withThe Spice Lab, a subsidiary ofDVC Industries, Inc.The lease brings the state-of-the-art building to full occupancy one year after it came online and completes lease-up of the two-building Pompano Distribution Center campus.
The South Florida Industrial Team of Executive DirectorRichard F. Etner Jr., Executive DirectorChristopher Metzger, Senior DirectorChristopher Thomsonand Associate DirectorMatthew G. McAllisterrepresented ownerRobinson Weeks Partnersin the transaction.
The Spice Lab is an online retailer of sea salts, spices, seasonings and related products which are sold in gourmet and specialty gift shops, major brick-and-mortar retailers and online through Amazon and atwww.thespicelab.com. The company will relocate its existing Pompano Beach distribution facility to PDC II.
PDC II is a state-of-the-art, 128,342-square-foot, front-load, distribution center built in 2015 at4000 North Dixie Highway. It features 32-foot clear heights, 125-foot truck courts with 60-foot concrete aprons, 60-foot by 51-foot column spacing, ESFR sprinklers, T–5 lighting and excess trailer storage. In 2014, the team also fully leased its sister building, PDC I, a 220,210-square-foot rear-load distribution center built to similar specifications at3901 NE 12th Avenue.
Located just minutes from Interstate 95 and situated in the epicenter of South Florida’s population base, the buildings are ideally positioned for regional distribution.
“The Pompano Distribution Center buildings were highly prized by corporate tenants looking for both functionality and image,” said Etner Jr. “They offered the most modern features in the market, including superior clear heights, excess trailer storage and the ability to accommodate both front- and rear-load tenant profiles.”
The team has been involved with the Pompano Distribution Center project from the ground up. RepresentingAmerican Cast Iron Pipe Company, the team sold the land for PDC I and PDC II to Robinson Weeks Partners in 2012 and 2014 respectively. They were then retained by Robinson Weeks Partners to lease both buildings, bringing them to full occupancy in short order.
In June 2013, the team inked a ±101,000-square-foot lease withRestoration Hardwarein PDC I and followed that in September 2014 with a ±52,000-square-foot pre-lease withPODSfor PDC II.RWC, Inc.leased ±40,000 square feet in PDC I in April 2015, andSunbelt Marketingtook the remaining ±61,000 square feet in PDC I in September 2015.
The team is now collaborating with Cushman & Wakefield’s Tampa-based capital markets group of Executive DirectorMike Davis, Senior DirectorRick Bruggeand Senior DirectorMichael Lernerto bring both assets to market for sale.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visitwww.cushmanwakefield.comor follow@CushWakeon Twitter.
