Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Represented EastGroup Properties in Securing a Warehouse and Distribution Lease with the Supplement Manufacturer at Weston Commerce Park
WESTON, FL, August 25, 2017 — Cushman & Wakefield announced today that it has negotiated a 67,200-square-foot warehouse and distribution expansion lease with VPX Sports at Weston Commerce Park in Broward County.
Executive Director Chris Metzger, Executive Director Richard F. Etner Jr., Executive Director Christopher Thomson and Director Matthew G. McAllister represented Mississippi-based owner EastGroup Properties. VPX Sports was represented by JLL.
VPX Sports is a Weston-based health supplement manufacturer that sells its products in brick-and-mortar locations throughout the U.S. and 37 countries. The company also has established significant E-commerce operations. VPX Sports employs more than 160 people at its 102,000-square-foot corporate headquarters at Weston Distribution Center one mile north of West Commerce Park. The company will utilize the Weston Commerce Park space for its warehouse and distribution needs. A third quarter 2017 move-in date is anticipated.
Weston Commerce Park is a Class A, rear-load warehouse and distribution building. The state-of-the-art, 134,400-square-foot asset features 30-foot clear heights, dock-high loading, drive-in doors, 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 at 1951 North Commerce Parkway in 1997. This location is easily accessible in western Broward County and provides immediate access to Interstate 75, Interstate 575 and the Sawgrass Expressway, with Interstate 95 and Florida’s Turnpike just minutes away.
“Weston Commerce Park is an ideal location for VPX Sports’ warehousing and distribution requirements and maintains proximity to the company’s headquarters, which allows for minimal disruption of services and offers unique operational efficiencies not available elsewhere,” said Chris Segrest, Vice President at EastGroup Properties. “We applaud our Cushman & Wakefield industrial leasing team as well as the tenant’s representative, JLL, for working together to get this deal done before construction was even completed on the spec offices.”
“EastGroup had the vision to understand the drivers of Weston and decided to multi-tenant the building,” added Metzger. “They are now in the last stages of negotiation with the final tenant for the building, which will bring it to 100 percent occupancy.”
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 45,000 employees in more than 70 countries help occupiers and investors 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 $6 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. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
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