Christopher Thomson, Chris Metzger, Richard F. Etner Jr. and Matthew McAllister Negotiated a ±16,500-Square-Foot Lease With Baker Distributing Company
BOYNTON BEACH, FL, April 7, 2017 — Cushman & Wakefield announced today that it has negotiated a 16,474-square-foot industrial lease with Baker Distributing Company at Boynton Commerce Center, bringing the 295,597-square-foot warehouse and distribution campus to full occupancy.
Executive Director Christopher Thomson, Executive Director Chris Metzger, Executive Director Richard F. Etner Jr. and Director Matthew G. McAllister represented Principal Real Estate Investors in the transaction.
Boynton Commerce Center is a four-building warehouse and distribution campus developed between 1984 and 2000. The single-story buildings were renovated in 2009 and offer 18- to 24-foot clear heights, a mix of dock-high and grade-level doors, punch-outs for additional doors, an ESFR (Early Suppression, Fast Response) fire safety system, built-to-suit space and ample parking.
Cushman & Wakefield began leasing the building in 2008 and has pushed occupancy from a low of 60 percent to 100 percent. Notable tenants in the building include Quantachrome Instruments, Pepperidge Farm, Grafton Private Label Cosmetics., Innovative Window Concepts and AP+M.
Baker Distributing leased the final 16,474 square feet in Building One at 1800 Corporate Drive. The company’s new space features 24-foot clear heights, 2,400 square feet of office space, three dock-high-doors, one oversized ramp and an ESFR (Early Suppression, Fast Response) fire safety system.
Founded in 1945, Jacksonville, FL-based Baker Distributing Company sells and distributes HVAC, refrigeration and food service equipment for residential, commercial and marine applications. The company has over 200 locations in 22 states. This will be Baker Distributing Company’s fifth sales center in South Florida, where it operates existing branches in West Palm Beach, Riviera Beach, Pompano Beach and Doral.
“Boynton Commerce Center is an ideal warehouse and distribution location for companies looking to tap into the dynamic South Florida market,” said Thomson. “The center’s immediate access to Interstate 95 and Principal Real Estate Investors’ expert stewardship have been vital to the operational success of this asset.”
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 or follow @CushWake on Twitter.