N E W S & B L O G
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Press Release: Cushman & Wakefield Represents Prologis in 28,992 SF Lease at Class A Industrial Park in Broward County
The C&W team is also marketing two new buildings within the property, named Prologis Seneca Park, for pre-lease
BROWARD COUNTY, FL – Cushman & Wakefield has negotiated a 28,992-square-foot industrial lease with a private South Florida-based manufacturer at Prologis Seneca Park in Pembroke Park. Prologis worked to accommodate the tenant’s expansion needs by relocating the company to a larger space within the same business park, located at 2500 Commerce Center Way, marking a 12,000-square-foot expansion.
The Cushman & Wakefield South Florida Industrial Team of Executive Director Chris Metzger, Executive Director Rick Etner, Executive Director Christopher Thomson, Director Matthew McAllister and Managing Principal Gian Rodriguez leases the Class A industrial park for Prologis and arranged the recent transaction in conjunction with Prologis’ Jonathan Guffey. The 2500 building has approximately 140,000 square feet remaining available for lease.
“Prologis continually works with their existing customers to provide expansion options within the Prologis family of buildings,” said Metzger. “This move was a great opportunity for a growing local company to expand yet maintain their ideal location in Southern Broward County”.
Prologis Seneca Park is an established Class A industrial park with six existing buildings totaling approximately 866,000 SF and two additional speculative buildings slated to break ground this year, which Cushman & Wakefield is marketing for pre-lease. This will bring Prologis Seneca Park to over 1.2 million square feet when completed.
The two new buildings, located at 2300-2400 Commerce Center Way, are currently pre-leasing and can accommodate tenants ranging from 30,000 to 190,494 square feet. Each with 62 dock high doors and 166 parking spaces, the buildings are well-equipped for ecommerce and logistics tenants.
In addition, the park’s central location in Southern Broward County provides convenient access to the Fort Lauderdale and Miami MSAs via I-95, I-595, I-75 and Florida’s Turnpike.
The eight-member South Florida Industrial team led by Metzger, Etner and Thomson negotiated just over 13 million square feet of sale and lease transactions valued at more than $262 million in 2020. For more information, please visit www.southfloridaindustrialteam.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.