Cushman & Wakefield Negotiates ±113,000-SF HQ Renewal

Oct 31, 2018 No Comments by

Cushman & Wakefield has negotiated a 10-year, 113,191-square-foot headquarters lease renewal with VAS Aero Services at 645 Park of Commerce Way in Palm Beach County.

The South Florida Industrial team of Christopher ThomsonRichard F. Etner Jr.Chris Metzger and Matthew G. McAllister negotiated the lease on behalf of New York-based building owner DRA Advisors LLC.

VAS Aero, formerly The AGES Group and a division of Volvo since 1999, is a leading provider of aftermarket services in the aviation industry. The company sources, warehouses and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, leasing companies and maintenance, repair and overhaul (MRO) providers around the world. VAS Aero is the exclusive distributor of material on behalf of The Boeing Company and currently has distribution agreements with GE Aviation, Embraer, Hamilton Sundstrand and Honeywell, among others.

VAS Aero houses its corporate headquarters at 645 Park of Commerce Way, including 100 employees in its sales, warehousing and distribution operations. VAS Aero was founded in 1979 and has occupied the entire building at 645 Park of Commerce Way since 1990.

645 Park of Commerce Way is a 113,191-square-foot flex facility developed in 1984 on a ±7.25-acre site. The building features more than 160 parking spaces, designated loading areas, 12 overhead loading doors, 24-foot clear heights and ±22,300 square feet of Class A office space. The building is 100% air-conditioned and features a five-ton interior crane and full-building fire suppression and back-up generator systems.

The property is located in The Park at Broken Sound, formerly Arvida Park of Commerce, a 700-acre mixed-use development with 5.2 million square feet of office space and 618,000 square feet of commercial/retail space. Three multifamily communities totaling 1,050 units have been approved for development within the park. The building fronts Interstate 95 just north of the Yamato Road interchange.

 

“We’re thrilled that VAS Aero has chosen to remain in Palm Beach County,” said Thomson. “They’ve been a tremendous member of our community for nearly 40 years and remain ideally positioned to capitalize on the exceptional location, visibility and accessibility that 645 Park of Commerce Way offers.”

 

 

————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.

CLICK HERE TO SUBSCRIBE TODAY!

 

 

Go Ahead...Share!
  • email
  • Print
  • LinkedIn
  • Twitter
  • Facebook
  • Google Bookmarks
  • RSS
  • Add to favorites
Industrial / Flex, Industry News, NA, Office, Palm Beach County Industrial / Flex, Palm Beach County Office
No Responses to “Cushman & Wakefield Negotiates ±113,000-SF HQ Renewal”

Leave a Reply