Cushman & Wakefield’s Christopher Metzger, Richard F. Etner, Christopher Thomson and Matthew G. McAllister Negotiated Two Warehouse and Distribution Leases on Behalf of Owner MSG Marina Mile, LLC and MSG Port 95, LLC
Cushman & Wakefield announced today that it has negotiated leases with Graybar at Marina Mile and Supply Network at Port 95 Business Center totaling more than 190,000 square feet.
Graybar leased 161,443 square feet at 3400 SW 30th Street and Supply Network leased 29,890 square feet at 2678 SW 36th Street. Executive Director Christopher Metzger, Executive Director Richard F. Etner, Senior Director Christopher Thomson, and Associate Director Matthew G. McAllister represented owner MSG Marina Mile, LLC and MSG Port 95, LLC, respectively, in the transactions.
Marina Mile, located at 3400 SW 30th Street, is a new Class A ±189,620-square-foot distribution facility featuring dock-high and drive-in loading with ESFR fire sprinkler system, 32-foot clear heights and offices built-to-suit. The Graybar lease brings Marina Mile to 100 percent occupancy, but plans are underway to build another 122,000-square-foot building on 30th Street, facing Interstate 595.
Port 95 Business Center, located at 2650 SW 36th Street, consists of two adjacent distribution buildings totaling 230,036 square feet. Buildings A and B offer a total of 72 dock-high doors and eight drive-in doors, ESFR fire sprinkler system, energy efficient T–5 warehouse lighting, 32-foot clear heights, and offices built-to-suit. Currently, 19,913 square feet is available in Building A, and 67,095 square feet is available in Building B.
Both properties are situated immediately west of Fort Lauderdale-Hollywood International Airport. Their location in the Southeast Broward industrial market provides excellent access to Interstate 95, Interstate 595, Florida’s Turnpike, Interstate 75 and the Sawgrass Expressway.
St. Louis-based Graybar is a Fortune 500 company founded in 1869. Graybar is a leading North American distributor of electrical, communications and data networking products and a provider of supply chain management and logistics services. The company employs 8,300 people at 260 locations throughout the United States, Canada and Puerto Rico. Graybar will relocate its existing Pompano Beach sales and warehouse operations to the Port 95 Business Center. The company has a strong South Florida distribution network, with additional facilities in West Palm Beach and Miami.
Supply Network, Inc. is a subsidiary of Michigan-based Viking Group Inc., which specializes in the sale and distribution of fire sprinkler products to contractors worldwide. Supply Network, Inc. has 50 locations across the globe. It’s Dania Beach facility will serve the Caribbean, Central America and South America. Supply Network, Inc. will occupy the warehouse and distribution space in October pending the completion of a custom build-out.
“Port 95 Business Center’s immediate proximity to major ground transportation routes, an international airport and the shipping terminals at Port Everglades was ideal for these tenants,” said Metzger. ”There is no better location for companies serving both domestic and Latin American markets."
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 and occupiers 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, visit www.cushmanwakefield.com
