Parts Authority and Service Partners Secured Space in the Two-Building, Palm Beach County Warehouse and Distribution Campus, Bringing Both Buildings to Full Occupancy
WEST PALM BEACH, FL, January 16, 2020 — Cushman & Wakefield has secured two new industrial leases totaling ±49,723 square feet at Vista Distribution 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 negotiated the leases with Parts Authority and Service Partners on behalf of Boston-based building owner Cabot Properties.
Vista Distribution Center is a warehouse and distribution center comprising two buildings developed in 2015 at 2211 Vista Pkwy. and 2213 Vista Pkwy. in West Palm Beach. These leases bring both buildings to full occupancy.
2211 Vista Pkwy. is a ±43,978-square-foot building featuring 24-foot clear heights, an ESFR (Early Suppression, Fast Response) fire safety system, 17 dock-high doors, one grade-level loading position and 52-foot column spacing.
2213 Vista Pkwy. is a ±44,234-square-foot building offering 24-foot clear heights, an ESFR fire safety system, nine dock-high doors, one grade-level loading position and 52-foot column spacing.
The buildings are conveniently located at the northwest corner of Okeechobee Blvd. and Florida’s Turnpike with frontage on Jog Rd.
Parts Authority, a leading national distributor of automotive replacement parts, tools and equipment, leased ±32,120 square feet at 2211 Vista Pkwy. This location will be the Parts Authority’s third warehouse and distribution center in South Florida. The Long Island-based company also has locations in Miami and Pompano Beach. Robert Smith of CBRE represented Parts Authority in the lease negotiations. A March 2020 move-in date is expected.
Service Partners, one of the largest distributors of insulation supplies in the nation, leased ±17,603 square feet in 2213 Vista Pkwy. The company, which has South Florida locations in Miami and West Palm Beach, is relocating its existing West Palm Beach warehouse and distribution center from 53rd St. to Vista Distribution Center in June 2020.
“Vista Distribution Center is an institutionally owned, state-of-the-art warehouse and distribution center centrally located in the South Florida market,” said Thomson. “These factors were significant drivers in the lease-up of both buildings.”
The eight-member South Florida Industrial team led by Metzger, Etner Jr., Thomson and McAllister has negotiated just over 12 million square feet of sale and lease transactions valued at more than $252 million to date in 2019. 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 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 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.