Cushman & Wakefield Negotiates Two Leases Totaling ±49,723 SF at Cabot Properties’ Vista Distribution Center

January 15, 2020

Cushman & Wakefield Negotiates Two Leases Totaling ±49,723 SF at Cabot Properties’ Vista Distribution Center

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 15, 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 ThomsonChris MetzgerRichard 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.

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