Cushman & Wakefield Represents Elion Partners in Leases with Florida Squash Academy and U.S. Stone
Both Tenants are New to South Florida and Will Occupy Over 31KSF Collectively at a Class A Industrial Facility
BOYNTON BEACH, FL, August 21, 2020 – Cushman & Wakefield has arranged two new leases at Boynton Logistics Center, a Class A industrial park in Palm Beach County. Florida Squash Academy and U.S. Stone, LLC are both new to the South Florida market and will occupy over 31,000 square feet collectively.
The Cushman & Wakefield South Florida Industrial Team of Associate Alex VanDresser, Executive Director Christopher Thomson, Executive Director Rick Etner, Executive Director Chris Metzger and Director Matthew G. McAllister arranged the leases on behalf of the landlord, Elion Partners, a national, logistics-focused real estate investment firm. Tom Skeba of ReMax Services represented Florida Squash Academy and Engles & Volkers represented U.S Stone, LLC.
“Boynton Logistics Center’s central location and great accessibility makes it attractive to a diverse range of users, as these new leases with two very different tenants perfectly demonstrate,” said VanDresser. “Our team is proud to have brought this asset to 75% occupancy in a short period of time, and we expect the momentum to continue as demand for industrial remains strong in the Palm Beach County market.”
Florida Squash Academy leased 19,360 square feet at Boynton Logistics Center Building 1220, at 1220 SW 35th Ave., which now has 8,720 square feet available for lease. The tenant is a squash club and training facility run by one of the world’s top 10 ranked professional squash players. The club originally started in New York and this will be its first Florida facility.
U.S. Stone, LLC leased 11,881 square feet at Boynton Logistics Center Building 1210, 1210 SW 35th Ave. The Kansas-based wholesaler of natural limestone and other stone building products will use the facility as warehouse and distribution space. The lease brings Building 1210 to 100% occupancy.
Elion Partners acquired Boynton Logistics Center, which has three buildings comprising over 200,000 square feet, in early 2020 and subsequently selected the Cushman & Wakefield team to handle leasing.
Situated in the city of Boynton Beach, the facility is centrally located between Palm Beach and Broward counties and is easily accessible via Interstate 95.
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.