Cushman & Wakefield Brings Duke Realty Spec Industrial Property in South Florida to 100% Leased
The Team Completed a 40.5KSF Lease with a National Transportation and Logistics Company at the Class A Distribution Facility at 1731 W. Copans Road
POMPANO BEACH, FL, August 7, 2020 – Cushman & Wakefield has negotiated a 40,551-square-foot lease on behalf of a leading transportation and logistics company at a new Duke Realty distribution facility in Pompano Beach. With its second tenant, the 100,661-square-foot building at 1731 W. Copans Road, which was delivered speculatively in 2019, is fully leased.
The Cushman & Wakefield South Florida Industrial Team of Executive Director Rick Etner, Executive Director Chris Metzger, Executive Director Christopher Thomson and Director Matthew G. McAllister, along with Senior Director Jacob Horsley of the firm’s Jacksonville office, represented the undisclosed tenant in the lease negotiations. Duke Realty was represented by its own Stephanie Rodriguez, Vice President of Leasing and Development.
The Cushman & Wakefield’s team also arranged the lease with the building’s first tenant, Lehman Pipe and Plumbing Supply, during the first quarter of 2020.
“1731 W. Copans Road is another top-of-the-line facility from Duke Realty, providing excellent connectivity to I-95 and Florida’s Turnpike,” said Etner. “We are pleased to have brought two quality tenants to this spec property within just a few months of each other, and look forward to a continued strong partnership with Duke.”
Duke Realty, the leading domestic-focused logistics property REIT in the United States, has steadily grown its portfolio in South Florida to over 8 million square feet of industrial space.
The facility at 1731 W. Copans Road is situated adjacent to Duke Realty’s Copans Business Park, a Class A distribution park. It is located half a mile west of the Copans Road - Interstate 95 interchange, and is convenient to virtually all of South Florida’s major roadways. The front-load building features 32-foot clear height ceilings, 25 dock doors, two drive-in doors, parking for 75 automobiles and a 110-foot trailer court.
“We are thrilled to welcome these two tenants to our newest building in Broward County,” said Duke Realty’s Rodrguez. “It is always a pleasure to work with a team of professionals like those at Cushman & Wakefield to create a strong partnership with our customers from the beginning of the lease process. We look forward to seeing these businesses be successful in this location in the years to come.
The eight-member South Florida Industrial team led by Metzger, Etner Jr. and Thomson 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.