Broward Warehouse Park Inks Leases Totaling 77K SF

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Reflecting the ongoing strength of the warehouse market in Broward County, a newly built distribution center in Dania Beach, Fla., announced two leases totaling 77,026 square feet.

I-595 Business Center signed a 53,863-square-foot deal with SouthernCarlson and a 23,163-square-foot deal with Dauerflora USA. SouthernCarlson distributes construction and packaging machines, tools and supplies. Dauerflora USA sells flowers and greenery used to decorate cruise ships.

SEE ALSO: Irvine Co. Announces 92K-SF Office Leases in LA’s Century City

Chris Metzger, Rick Etner Jr. and Christopher Thomson of Cushman & Wakefield represented the landlord, MSG P12 LLC.

Vacancy for warehouse distribution space in Broward County was just 3.9 percent in the third quarter, according to Cushman & Wakefield. Average lease rates are up 40 percent from the third quarter of 2021, reaching an average of $13.56 per square foot.

The I-595 Business Center at 3500 SW 30th Avenue consists of five buildings totaling almost 700,000 square feet. The park is near Interstate 95, Interstate 595, the Fort Lauderdale-Hollywood International Airport and Port Everglades.

Other recent warehouse deals in Broward County include a $10 million deal in Pompano Beach and a $58 million sale in Pembroke Pines.

Jeff Ostrowski can be reached at jostrowski@commercialoberserver.com.