Cushman & Wakefield Arranges New Leases at FL Business Center

By Roxana Baiceanu

Port 95 Business Center, Dania Beach, Fla.

A team of brokers from Cushman & Wakefield represented MSG Port 95, the owner of Port 95 Business Center, in closing long-term agreements with two Broward County businesses. General Insulation, an insulation distributor and supplier, is relocating from Pompano Beach to Dania Beach with a move-in date scheduled for the fourth quarter of 2017. The other business is Kaman Industrial Technologies, a subsidiary of Kaman Corp., which is planning to consolidate several locations in a single one. The company plans to move into the new space in September.

Executive Directors Chris Metzger, Richard Etner, Christopher Thomson and Matthew McAllister arranged the deal which brought the business center to 92 percent occupancy. The leases total 47,182 square feet, leaving less than 20,000 square feet still available at the site.

Access to South Florida market

Located at 2650 SW 36th St., the 230,036-square-foot property consists of three buildings, two of them used as warehouses and one as a distribution center. The Fort Lauderdale-Hollywood International Airport is in the immediate vicinity. The site can be easily accessible from Interstates 95, 595, 75, Florida’s Turnpike and Sawgrass Expressway.

Port 95 Business Center features energy-efficient lighting, 32-foot clear heights, an ESFR fire sprinkler system and built-to-suit office spaces. One of the new tenants, General Insulation, is awaiting a custom build-out of the space it leased.

After buying the property at near-complete occupancy, Cushman & Wakefield is getting ready to start leasing the building adjacent to Port 95. Upon completion, I-595 Business Center will offer approximately 150,000 square feet of warehouse and showroom space. The brokerage firm is also currently conducting leasing efforts at The Times Building in Tampa, Fla.

Image via Google Street View