Cushman & Wakefield Arranges 114,536-SF Lease with Niagara Bottling at Palm Beach Park of Commerce
The Class A Industrial Facility in Jupiter, FL, will Serve as Overflow Distribution Space
JUPITER, FL, March 9, 2020 – Cushman & Wakefield has arranged a 114,536-square-foot lease with Niagara Bottling, LLC at Palm Beach Park of Commerce in Jupiter. The space will serve as a warehouse and distribution center for the Ontario, Canada-based bottled water and soft drink distributor.
Cushman & Wakefield’s South Florida Industrial Team brokered both side of the deal. Executive Director Christopher Thomson, Executive Director Chris Metzger and Director Matthew G. McAllister represented the landlord, NHT Palm Beach, LLC. Executive Director Rick Etner, along with Paul Earnhart of Lee & Associates, represented the tenant.
Niagara Bottling currently operates from a 400,000-square-foot facility within Palm Beach of Commerce. The company will continue to occupy that property in its entirety, while using the new 114,536-square-foot space for overflow distribution.
The new space is located in a newly completed Class A building on a 17.98-acre site at 15335 Park of Commerce Blvd. Niagara Bottling has leased over half of the 220,000-square-foot building, which features 36-foot clear height, 56 dock high doors, two oversized ramps, truck parking and monument signage.
“Palm Beach Park of Commerce is one of South Florida’s premiere industrial parks with excellent connectivity and access to Florida’s major transportation networks, including highways, rail systems, seaports and airports,” said Thomson. “We are pleased to have helped Niagara Bottling expand its footprint here.”
Palm Beach Park of Commerce is a Class A, 1,200-acre, master-planned industrial park that will comprise 6.5 million square feet of high-quality warehouse and distribution space upon completion. With convenience to the state’s major roadways, the location provides access to approximately 13.75 million people within a 200-mile radius.