(To read more on the industrial market, click here.)

PEMBROKE PARK, FL-Seneca North, a 31-acre development within the one-million-sf Seneca Industrial Park, has a new tenant in Calhoun, GA-based carpet manufacturer Mohawk Industries Inc. A Mohawk affiliate has signed a lease for 260,000 sf in a building that owner KTR Capital Partners of New York City plans to complete by third quarter 2007.

Broward County brokers familiar with the Pembroke Park submarket tell GlobeSt.com the lease was probably for 10 years at an estimated rent of $7.69 per sf and an aggregate estimated value of $20 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.