2019 Industrial Market Report - Broward County

2018-2019 LEASE COMPARABLES

Signing Date Comments

Tenant/Landlord/ Location

Leased SF Rental Rate

Term: 110 months Escalations: 3% Free Rent: 2 months TI Allowance: $4.00/SF Expansion

17 Woodfield / Prologis 750 NW 33rd Street Pompano Beach

25,307 SF

$7.50 NNN 1Q19

Alpha Logistics (MRC Express) / Prologis Seneca Park 900 2751 Commerce Center Way Pembroke Park

Term: 62 months Escalations: 3% Free Rent: 2 months TI Allowance: $19.35/SF New

18

23,250 SF

$8.65 NNN 1Q19

Term: 13 months Escalations: N/A Free Rent: None TI Allowance: None Sublease Term: 60 months Escalations: 2% Free Rent: 1 month TI Allowance: None Renewal Term: 132 months Escalations: 3% Free Rent: 10 months TI Allowance: $13.00/SF New Term: 84 months Escalations: 3% Free Rent: None TI Allowance: $1.00/SF Renewal Term: 62 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New

19 Southern Carlson / BPI Sports 4140 SW 30th Avenue Hollywood

21,880 SF

$5.00 NNN 1Q19

Coaster Company / Sunbeam Development Corp 10700 Enterprise Way Miramar Park Blue Dog Chemical / Bridge Development Partners 1951 N Powerline Road Pompano Beach

20

250,441 SF

$8.95 Gross 1Q19

21

121,978 SF

$7.75 NNN

1Q19

22 Fairn & Swanson / Prologis 701 NW 33rd Street Pompano Beach

95,940 SF

$6.95 NNN 4Q18

Addvantage Triton 2751 Commerce Center Way Pembroke Park

23

23,304 SF

$8.75 NNN 4Q18

151,000 SF: +/-80,000 of Office & +/-65,000 of Manufacturing

Term: 144 months Escalations: 3% Free Rent: TBD TI Allowance: TBD New

24 Stryker / UBS Realty Investors 3365 Enterprise Avenue Weston

TBD

4Q18

25 Febest Panamerica, LLC / Sills Family 1725 NW 33rd Street Pompano Beach Seal Aftermarket Products / Prologis 2301 SW 32nd Avenue Pembroke Park Pro Customer Solar / TREA Broward 6001 N Hiatus Road Tamarac 28 RMS-FL, LLC / Prologis 751 NE 33rd Street Pompano Beach Grupo Torres / Hudson Group 3313- 3315 SW 11th Ave Fort Lauderale 29 Baker Distributing Co / Prologis 751 NW 33rd St Pompano Beach Restaurant City Florida / Pompano Industrial Ventures 1660 NW 18th Street, Bldg 7 Pompano Beach Gourmet Innovations / Pompano Industrial Ventures 1550 18th Street, Bldg 6 Pompano Beach 32 33 26 27 30 Gemaire Distributors / Prologis 3205 SW 22nd Street Pembroke Park 31

$11.00 Gross

Term: 37 months Escalations: 3% Free Rent: None TI Allowance: None Renewal

12,800 SF

4Q18

Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None Renewal

56,530 SF

$8.40 NNN 4Q18

Term: 74 months Escalations: 3% Free Rent: 2 months TI Allowance: TBD New Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None Renewal Term: 66 months Escalations: 2.5% Free Rent: None TI Allowance: None New Term: 85 months Escalations: 3% Free Rent: 1 month TI Allowance: None Renewal Term: 60 months Escalations: 3% Free Rent: None TI Allowance: None Renewal

12,109 SF

$8.75 NNN 4Q18

11,997 SF

$8.25 NNN 4Q18

$10.00 Gross

10,000 SF

4Q18

25,400 SF

$8.16 NNN

4Q18

24,000 SF

$7.35 NNN

4Q18

Term: 60 months Escalations: 3% Free Rent: None TI Allowance: TBD New

26,099 SF

$9.00 NNN 4Q18

Term: 61 months Escalations: 3% Free Rent: 1 month TI Allowance: TBD New

21,219 SF

$9.50 NNN 4Q18

INDUSTRIAL MARKET REPORT | 19