Cushman & Wakefield Arranges 52KSF Industrial Lease with Fun Sweets, LLC in South Florida
Lease More than Doubles Cotton Candy Maker’s Footprint, Brings Class A Warehouse to 100% Occupancy
PALM BEACH COUNTY, FL, July 30, 2020 – Cushman & Wakefield has negotiated a 51,640-square-foot industrial lease with Fun Sweets, LLC, a South Florida-based maker and distributor of packaged cotton candy products. The lease, at 501 103rd Ave. in Royal Palm Beach, brings the Class A, 86,400-square-foot warehouse and distribution facility to 100% occupancy.
The Cushman & Wakefield South Florida Industrial Team of Executive Director Rick Etner, Executive Director Christopher Thomson, Executive Director Chris Metzger and Director Matthew G. McAllister negotiated the lease on behalf of the landlord, Easton & Associates. The team also represented Easton & Associates in the recent $15.5 million sale of the property to Cabot Properties.
Fun Sweets, established in 1994, distributes its products nationally through Walmart, Dollar General and Dollar Tree along with many of the nation’s leading grocery stores, theme parks and specialty stores. The tenant relocated from another warehouse property in West Palm Beach, where it occupied approximately 20,000 square feet.
“We are always happy when we can help a South Florida-based company expand its business, and in this case Fun Sweets more than doubled its footprint,” said Thomson. “501 103rd Ave. had the right location and size to support Fun Sweet’s growth needs, and we were pleased to help our client Easton & Associates fill this property prior to its sale.”
Built in 2014, the facility features 28-foot clear height ceilings, 11 docks high doors, 40-by-48-foot column spacing and 60-by-60-foot loading bay. The property is situated just west of State Road 441 and just north of Southern Boulevard, providing convenience to Florida’s Turnpike and Interstate 95.
Fun Sweets joins Red Bull North America, Inc. at 501 103rd Ave., which occupies the rest of the building. The Cushman & Wakefield team also negotiated the Red Bull lease.
The eight-member South Florida Industrial team led by Etner, Metzger 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.