Avison Young to oversee 501,593 SF Principal Real Estate Investors portfolio in South Florida

September 23, 2019

Avison Young tapped by Principal Real Estate Investors to oversee 501,593 SF warehouse portfolio in Broward County, Florida

AEW, TA Realty, and Principal Real Estate Investors industrial portfolios grow Avison Young’s Florida property management assignments to 22 MSF total in less than a year

 

Fort Lauderdale, Fla. — Avison Young has been exclusively retained by Principal Real Estate Investors to provide property management services for a 501,593-square-foot warehouse portfolio consisting of three assets in Broward County, Florida:

  • Lyons Technology Park, spanning 232,887 square feet at 4701, 4611, and 4631 Johnson Road, and 4811 and 4911 Lyons Tech Parkway in Coconut Creek, Florida
  • Pointe West Commerce Center, spanning 169,033 square feet at 15751, 15851, and 15951 SW 41st Street in Davie, Florida
  • Port 95 Business Center, spanning 99,673 square feet at 4100 and 4150 SW 26th Way in Hollywood, Florida

Principal Real Estate Investors is a long-standing leasing services client of Avison Young. The Broward warehouse portfolio represents Avison Young’s first property management assignment with the client.

“Increasingly, ownership groups are choosing commercial real estate services firms that can deliver multiple services with a fully integrated approach,” said Michael Vullis, Principal with Avison Young. “In South Florida, industrial is an attractive asset type, and there are several opportunities for our property management and leasing teams to collaborate with Principal Real Estate Investors to help attract and retain quality tenants. We are excited about the portfolio assignment at hand and look forward to growing this client relationship.”

Avison Young’s Florida property management portfolio has grown to 22 million square feet to date in 2019, up from 18 million square feet in less than one year. AEW, TA Realty, Real Capital Solutions, and Principal Real Estate Investors awarded the bulk of the most recent assignments.

“When Avison Young entered the Florida market in 2012, we started with a 3-million-square-foot property management portfolio of privately-owned assets,” continued Vullis. “In just seven years, we’ve grown our assingments exponetially to 22 million square feet by becoming the top choice for both institutional and private capital.”

Avison Young provides best-in-class services to local, national, and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young’s property management services, please contact Mr. Vullis at (954) 903-1835 or visit www.avisonyoung.com

Brokerage