Prologis Is On An Industrial Roll

Rick Etner

MIAMI—Prologis is filling up its Seneca Park. The company negotiated a 23,390-square-foot lease with Hilti in Pembroke Park, FL. Cushman & Wakefield’s South Florida industrial team’s executive director Richard F. Etner , executive director Christopher Metzger , senior director Christopher Thomson , and associate director Matthew G. McAllister represented Prologis. Hilti, a Liechtenstein-based construction technology firm with 20,000 employees in more than 120 countries, currently houses warehousing and distribution operations in the industrial space. “Prologis Seneca Park continues to be a great fit for Hilti,” Etner tells GlobeSt.com. “The park’s location in the heart of South Florida’s world-class transportation network provides them with the requisite options and flexibility for an international distributor.” Prologis Seneca Park spans 500,000 square feet of warehouse and distribution space. Hilti’s space is located in Building 400, a 168,755-square-foot class A industrial structure with 30-foot clear heights, dock-high and grade-level doors and a depth of nearly 191 feet. Prologis Seneca Park is equidistant to Fort Lauderdale-Hollywood International Airport and Miami International Airport, seaports and business centers. The industrial property also offers excellent access to Interstate 95, Interstate 595, Florida’s Turnpike, Interstate 75 and the Sawgrass Expressway. CushWake’s first quarter 2016 Broward County Industrial MarketBeat Report reveals that the Davie-Pembroke Pines-Miramar submarket is the second-largest in Broward County with over 13 million square feet of inventory. The submarket posts above-average leasing activity and has also posted above-average warehouse and distribution rents. Prologis Pompano Industrial Center in Pompano Beach, FL recently leased a full building to OC Communications. The  industrial  lease spans 25,300 square feet. “OCC needed more space and parking for their vehicles,” CushWake’s Christopher Metzger tells GlobeSt.com. “The freestanding, secured Prologis building was the perfect fit for them.”