Mohawk Signs 260,000-SF Lease for Build-to-Suit

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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.