Cushman & Wakefield’s Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Represented Owner EastGroup Properties in Securing the Warehouse and Distribution Lease
WESTON, FL, December 19, 2017 — Cushman & Wakefield announced today that it has negotiated a 28,800-square-foot expansion lease with VPX Sports at Weston Commerce Park. The lease brings the Broward County warehouse and distribution center to full occupancy.
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 in the lease negotiations. The expansion lease comes just three months after VPX Sports entered the building with a 67,200-square-foot lease. VPX now occupies 96,000 square feet in the 134,400-square-foot building. VPX Sports was represented by JLL’s Sky Groden.
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 eCommerce operations and utilizes the Weston Commerce Park space for its warehouse and distribution needs.
Weston Commerce Park is a Class A, rear-load warehouse and distribution building. The state-of-the-art 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 and the Sawgrass Expressway, with Interstate 95 and Florida’s Turnpike just minutes away.
“It’s a very unique circumstance for a tenant to expand so quickly in a building. The availability of prime warehouse and distribution space, at a time of need, proved serendipitous for both VPX Sports and EastGroup Properties,” said Metzger.
“EastGroup is pleased with the results of our redevelopment at Weston Commerce Park and grateful for the efforts of Cushman & Wakefield, JLL and VPX Sports to secure this final lease,” said Chris Segrest, Vice President at EastGroup Properties. “With the help of Chris Metzger and Sky Groden, we’ve managed to increase occupancy from 29% to 100% in just over a year while repositioning the asset into a true multi-tenant building.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. 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. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.