Best Buy, Ryder Ink Nearly 100,000 SF In Leases

Nov 27, 2018 No Comments by

Transwestern’s South Florida industrial team has negotiated 98,117 square feet of lease transactions at Seneca Industrial Park, an 885,000-square-foot, Class A distribution and warehouse park at 2500 SW 32nd Ave. in Pembroke Park. The deals bring the park to 100 percent occupancy.

Best Buy, the multinational consumer electronics retailer, signed a new 27,256-square-foot lease. Craig Fetherston of The Shopping Center Group represented Best Buy. In addition, Ryder, a nationwide leader in fleet management solutions, supply chain management, and logistics, renewed its 70,861-square-foot lease. Tom O’Loughlin of CBRE represented Ryder.

Transwestern Managing Director Thomas Kresse, Senior Managing Directors Ben Eisenberg and Walter Byrd, and Vice President Carlos Gaviria provide leasing services on behalf of the landlord, TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA).

The leases come on the heels of the Transwestern South Florida industrial team completing 112,233 square feet of transactions at Seneca Industrial Park in August as industrial vacancy in the Southeast Broward submarket continues to trend below overall county rates.

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News, NA
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