Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Represented Both Parties in the Lease, Which Brings the New ±133,814-Square-Foot Building to Full Occupancy
POMPANO BEACH, FL, March 25, 2020 — Cushman & Wakefield negotiated a ±39,553-square-foot lease with Wastequip at Pompano Business Center II in Broward County. The lease brings the new ±133,814-square-foot industrial facility to full occupancy less than one year after opening.
The Cushman & Wakefield Industrial Team of Chris Metzger, Richard F. Etner Jr. and Christopher Thomson represented building owner IDI Logistics in the lease negotiations. Fellow Cushman & Wakefield team member Matthew G. McAllister, working with John Christenbury and Robert Bell from Cushman & Wakefield’s Charlotte, NC office, represented Wastequip in the lease negotiations.
Charlotte-based Wastequip manufactures and services steel and plastic products to collect, handle and transport waste and recyclables. The company employs more than 2,400 people in North America at 44 facilities and encompasses the ConFab brand. Pompano Business Center II is the company’s second location in Florida and first in South Florida.
Pompano Business Center II was developed in 2019 on an ±11.43-acre parcel located at 3001 West Copans Road. The asset features built-to-suit office space, 32-foot clear heights, 92 auto parking spaces, 38 trailer stalls, 30 dock-high doors, two drive-in doors and a 130-foot truck court.
The property’s central location in the tri-county South Florida market offers exceptional access to Florida’s Turnpike and Interstate 95, allowing cost-efficient distribution throughout Florida and the Southeast U.S.
Pompano Business Center II is now 100% leased to two tenants, Wastequip and The Stone Collection. The Cushman & Wakefield team negotiated The Stone Collection’s ±94,261-square-foot lease in August 2019.
“The exceptional leasing velocity at Pompano Business Center II is an indicator of the tremendous demand for large swathes of space offering market-leading finishes and amenities and immediate access to the major trade thoroughfares in the dynamic South Florida industrial market,” said Metzger.
Cushman & Wakefield is also the exclusive leasing advisor for IDI Logistics’ Rock Lake Business Center, currently under development just north of Pompano Business Center II at 3520 West 33rd Street. Rock Lake Business Center will comprise four Class A industrial buildings offering frontage on Florida’s Turnpike and 32-foot clear ceiling heights. Two of the four buildings are ready for occupancy.
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.
About IDI Logistics
IDI Logistics is a leading developer and manager of logistics real estate in the U.S. The fully integrated logistics platform has a long track record of speculative development, build-to-suits and value-add acquisitions. In its 30 year history, IDI Logistics has developed more than 100 world-class business parks and 750 warehouses totaling over 200 million SF throughout North America.
Wastequip is the leading North American manufacturer of waste handling equipment, with an international network of manufacturing facilities and the most extensive dealer network in the industry. Wastequip’s broad range of waste and recycling equipment, trucks and systems is used to collect, process and transport recyclables, solid waste, liquid waste and organics. The company’s brands include Wastequip, Toter, Galbreath, Pioneer, Mountain Tarp, Cusco, Go To Parts, Amrep and Accurate. For more information, visit www.wastequip.com.