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Success at Atlantic Business Center Fuels More Spec Building Growth

POMPANO BEACH, FL-The 85-acre industrial distribution site near Interstate 95, about 32 miles north of Miami, shows no sign of market slowdown as tenants await the certificate of occupancy on the development's first new building.

By David R. Corder | Updated on March 13, 2001

POMPANO BEACH, FL-Nearly 82,000 sf of space is signed and leased in a new 148,000-sf industrial-spec building Premier Commercial Realty Inc. is developing in the 85-acre Atlantic Business Center on Atlantic Boulevard, about a half mile west of Interstate 95.

Companies such as International Marble & Granite Inc. and Qzina Specialty Foods Inc. already have negotiated terms prior to the certificate of occupancy in the development’s first building for space leasing around $5. per sf triple net, with operating costs estimated at $1.65 per sf to $1.75 per sf.

Such demand is giving officials at Premier all the confidence they needed to move forward on immediate plans to build four more spec warehouse buildings in a master-planned industrial park capable of sustaining up to 1.3 million sf of leaseable space.”Actually, the market, from our perspective, has not slowed down at all,” Peter D. Sheridan, Premier president, tells GlobeSt.com. When completed in September, two of the four proposed buildings each will contain about 138,500 sf of leaseable space.

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