The Team of Christopher Thomson, Chris Metzger, Richard F. Etner Jr. and Matthew G. McAllister Negotiated a Long-Term Lease with the Lab Equipment Manufacturer
BOYNTON BEACH, FL, February 13, 2019 — Cushman & Wakefield has negotiated a 52,505-square-foot headquarters lease renewal with Quantachrome Instruments at Boynton Commerce Center in Palm Beach County.
The Cushman & Wakefield South Florida Industrial Team of Christopher Thomson, Chris Metzger, Richard F. Etner, Jr. and Matthew G. McAllister represented Boynton Commerce Center, LLC, an affiliate of building owner Principal Life Insurance Company, in the renewal negotiations. Quantachrome Instruments was represented by Robert Smith of CBRE.
Quantachrome Instruments was founded in 1968 and is headquartered at 1900 Corporate Drive in Boynton Commerce Center. The company has emerged as a global leader in the design and manufacture of lab instruments capable of characterizing porous materials and powders. Quantachrome employs 170 people in the building in research, development and production roles.
In February 2018, Quantachrome was acquired by the Anton Paar Group, an Austrian company specializing in the production and sale of analytical instruments and technology for use in the robotics, automation, food and beverage, chemical and pharmaceutical industries. The Anton Paar Group employs 2,900 people in sales and production roles at 36 international sites throughout Europe and the United States. Quantachrome represents the Anton Paar Group’s first North American manufacturing facility.
Boynton Commerce Center is a two-phase, ±25.0-acre industrial/flex park comprising five buildings totaling 295,000 square feet. The park is located near the interchange of Interstate 95 and Woolbright Road offering excellent access to Palm Beach International Airport and the Port of Palm Beach.
“Our team is extremely pleased to have negotiated this renewal,” said Thomson. “We’re thrilled that Quantachrome will remain as one of Palm Beach’s most prominent employers of a highly educated and skilled workforce.”
The seven-member South Florida Industrial team led by Metzger, Etner Jr., and Thomson negotiated just over 2.3 million square feet of sales and leases valued at more than $163 million in 2018. 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 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 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.