The global logistics company will occupy 50,000 square feet at Becknell Industrial’s spec facility scheduled for completion at the end of March.
CBRE has brokered a 50,000-square-foot lease at East Davie Commerce Center, a speculative industrial facility currently under construction in Davie, Fla. The tenant, XPO Logistics, is establishing operations in the market in order to handle fulfillment services for a large construction supply company.
Developed by Becknell Industrial, the 130,802-square-foot warehouse sits on roughly 10 acres at 2405 College Ave. The single-story, Class A facility is scheduled for delivery at the end of March. The building will feature 32-foot clear heights, 3,000 amps of 480-volt power and 50’ by 50’ column spacing, designed to house distribution companies, technology, medical and aerospace tenants.
CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet represented owner and developer Becknell Industrial, while Russell Perry and Russell Perry Jr. of R.E. Perry Co. worked on behalf of the tenant in the lease negotiations.
“At this facility, XPO Logistics can now reach almost three million people within a 30-minute drive time and 5.6 million people within a 60-minute drive time. As last-mile deliveries become increasingly more important, infill distribution facilities like this one will play a significantly bigger role both locally and nationally,” Genet commented in prepared remarks.
East Davie Commerce Center provides direct access to Florida State Road 84 and Interstate 595 via College Avenue, which links directly to Fort Lauderdale-Hollywood International Airport and Port Everglades.
“The location and highway access coupled with a brand new modern functional building fit all of the characteristics that the company was looking for and will be attractive to other users in the market,” added Matt Hubert, vice president of leasing for Becknell Industrial, in a prepared statement.