The Move will Allow the Pharmaceutical Company to Add 50 to 75 New Jobs
CORAL SPRINGS, FL, March 24, 2020 – Cushman & Wakefield has represented United Medco, a leading national provider of pharmaceutical products to the managed care market, in leasing an ±87,885-square-foot space in Coral Springs. The distribution and office space, located within Coral Springs Commerce Center II, will eventually serve as United Medco’s national headquarters, where the company plans to add 50 to 75 new jobs over the next several years.
Cushman & Wakefield Industrial Team of Executive Director Rick Etner, Executive Director Chris Metzger, Executive Director Christopher Thomson and Director Matthew G. McAllister negotiated the lease on United Medco’s behalf. The landlord is Exeter Property Group, a global real estate investment manager.
Coral Springs Commerce Center II is a four-building distribution park comprising ±564,651 square feet of space. United Medco will be located in Building 1, which was built in 1981 and extensively renovated by Exeter in 2019. The lease brings this Class A industrial building to 100% occupancy.
At 4250 Coral Ridge Drive, the property is strategically positioned in west Broward County, minutes from the Sawgrass Expressway, Interstate 95 and Florida’s Turnpike.
“Exeter Property Group’s investment into this property has paid off in a short amount of time,” said Etner. “We are pleased to have brought several high-quality tenants such as United Medco to this facility, resulting in the full lease-up of this Class A asset.”
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.