Spec Industrial Hits Full Occupancy Fast

FORT LAUDERDALE, FL—As demand for industrial real estate in South Florida picks up and new tenants look to enter the market, Berlin Packaging has secured spec space while it’s available. The North American packaging supplier just inked a 40,000-square-foot lease at a new spec distribution building. Financial terms of the deal were not disclosed.

Jones Lang LaSalle managing director Steven Medwin, senior vice president Chris Watts and vice president Nick Wigoda, completed the lease transaction on behalf of the tenant. The lease marks a significant expansion for the Chicago-based company in the South Florida market.