The leases, signed in the last couple of months, are estimated to be worth a combined $12 million-plus and total 319,300 sf of space. Several of them are long-term deals.
In one deal, Iron Mountain, one of the world's largest records and information management companies, signed a 10-year lease for 52,000 sf of space in 7B, a new, 104,200-sf building in the Atlantic Business Center in Pompano Beach.
In addition, Interbond Corp. of America, better known as Brandsmart, leased 112,000 sf of space from ProLogis in building 800 at Port 95 Commerce Park in Hollywood. This lease is for seven years. Also in that building, Yachting Promotions, also known as Show Management, inked a deal for 49,300 sf for five years.
Both of those tenants moved into their space in August, bringing the occupancy level of the 164,000-sf building to 100%.
Most recently, American Standard Inc. leased 52,000 sf for seven years in building 7B at the Atlantic Business Center and Dyno Merchandising renewed its 54,000-sf lease for another three years at Copans Business Park in Pompano Beach.
American Standard, a maker of air-conditioning systems, plumbing products and automotive braking systems, is expected to move into its new space by the end of the year.
The industrial team of Christopher J. Metzger, Richard F. Etner Jr., Sky Groden and Christopher Thomson in the Fort Lauderdale office of Cushman & Wakefield handled the transactions. The represented Iron Mountain, ProLogis, American Standard and Dyno Merchandising.
"These transactions represent some of the largest industrial leases that have taken place in Broward County this year," according to Metzger.
Etner adds: "We are seeing major companies starting to move forward with growth plans. The 'sitting on the fence' days are going away, and we believe corporate America is regaining the confidence that continues to fuel our South Florida economy."
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