Cushman & Wakefield Represents First Industrial Realty Trust in 24KSF Renewal with Windy City Wire in South Florida
The Tenant, an Industry Leader in Cable Management Solutions, Renewed its Lease at Pompano Business Center After a Market-Wide Search
POMPANO BEACH, FL, August 27, 2020 – Cushman & Wakefield has arranged a 24,000-square-foot lease renewal at Pompano Business Center, a Class A industrial park in Pompano Beach. The tenant is Windy City Wire, Cable & Technology Products, LLC, a leading provider of low-voltage wire management solutions.
The Cushman & Wakefield South Florida Industrial Team of Executive Director Rick Etner, Director Matthew G. McAllister, Executive Director Chris Metzger and Executive Director Christopher Thomson negotiated the lease renewal in conjunction with Chris Willson, Senior Regional Director, with landlord First Industrial Realty Trust, Inc.
First Industrial (NYSE: FR) is a Chicago-based REIT that owns and develops logistics facilities in the nation’s top markets, including 1.9 million square feet in Florida. Lee & Associates’ Corbin Blount and William Domsky represented Windy City Wire.
“Windy City Wire evaluated other properties in the market and ultimately determined that Pompano Business Center remains the best location for its business, based on its convenient location and building features,” said McAllister. “We are pleased to have helped our client First Industrial Realty Trust retain this quality tenant, and we look forward to leasing the remaining space in the building.”
Windy City Wire is headquartered in the Chicago area and has 19 locations nationwide. Founded in 1994, the company provides tools and technology systems for the transportation, organization and management of cable.
The tenant’s 24,000-square-foot space is located within Pompano Business Center Building O, at 2500 NW 19th St. The 172,120-square-foot building, completed in 2001, offers a 130-foot truck court, 24-foot clear-height ceilings and ample parking spaces. The building currently has a 95,000-square-foot space available for lease, which the landlord is in the process of converting from a call center back to traditional warehouse use.
The property is geographically central within the Tri-County area of Miami-Dade, Broward and Palm Beach counties and offers immediate access to Florida’s Turnpike and 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.