Christopher Thomson, Chris Metzger, Richard F. Etner, Jr. and Matthew G. McAllister Secured a ±57,120-Square-Foot Renewal and ±5,997-Square Foot Expansion for Trane at the Palm Beach County Warehouse and Distribution Campus
WEST PALM BEACH, FL, March 18, 2020 — Cushman & Wakefield has secured a ±57,120-square-foot renewal and ±5,997-square-foot industrial lease expansion with Trane 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 lease on behalf of Boston-based building owner Cabot Properties.
Trane renewed and expanded its lease in 6965 Vista Parkway North, a ±77,931-square-foot warehouse and distribution center developed in 2008 on a ±6.3-acre site in West Palm Beach.
The building features 18-foot clear heights, an ESFR (Early Suppression, Fast Response) fire safety system and grade-level loading and 52-foot column spacing. The asset is situated within the Vista Distribution Center campus, which is conveniently located at the northwest corner of Okeechobee Boulevard and Florida’s Turnpike with frontage on Jog Road.
Trane is an HVAC and energy solutions company dedicated to providing comfortable indoor environments through a broad portfolio of reliable, energy-efficient heating, ventilating and air conditioning systems, parts and supply. The company’s sales office at Vista Distribution Center provides commercial systems support, energy services and solutions, contracting, controls/building automation, rentals and maintenance.
6965 Vista Parkway North is currently 90% leased. Other notable tenants include Parts Authority, Services Partners, Shred-it and USI.
“Vista Distribution Center remains one the premier locations for warehouse and distribution operations in the region,” said Thomson. “The modern, state-of-the-art campus is ideally situated near the turnpike and interstate system, allowing exceptional access to South Florida and the Treasure Coast.”
The eight-member South Florida Industrial team led by Metzger, Etner Jr., Thomson and McAllister negotiated just over 12 million square feet of sale and lease transactions valued at more than $252 million 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 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 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.