Mike Davis, Rick Brugge, Michael Lerner and Christopher Metzger Represented Founders Properties in the Disposition of the 134,400-Square-Foot Class A Warehouse and Distribution Facility
Cushman & Wakefield announced today that it has negotiated the sale of Weston Commerce Park, a 134,400-square-foot warehouse and distribution building in Broward County.
The Capital Markets brokerage team of Executive DirectorMike Davis, Senior DirectorRick Bruggeand Senior DirectorMichael Lerner, in conjunction with Executive DirectorChristopher Metzgerof Cushman & Wakefield’s South Florida Industrial brokerage group, represented Minnesota-basedFounders Propertiesin the disposition. The asset was acquired by Mississippi-basedEastGroup Properties.
Weston Commerce Park is a Class A, state-of-the-art rear-load building featuring 30-foot clear heights, an Early Suppression Fast Response (ESFR) fire safety system, T5 lighting, 40-foot by 40-foot column spacing and a 118-foot truck court.
Weston Commerce Park was developed on an eight-acre parcel at1951 North Commerce Parkway. This location is easily accessible in western Broward County and provides superior access to Interstate 75, Interstate 575 and the Sawgrass Expressway.
“Weston Commerce Park represented an exceptional opportunity to acquire a Class A distribution facility in South Florida, one of most desirable industrial investment markets in the U.S.” said Davis. “Western Broward County, in particular, offers investors tremendous upside as a supply constrained submarket with rapidly improving fundamentals.”
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, visitwww.cushmanwakefield.com
