Developers Announce New Pompano Beach Distribution Center

By Georgiana Mihaila, Associate Editor Pompano Beach will soon house a new distribution center, as Weeks Robinson Properties and Jeremy Shapiro of Miami-based Mainstream Investment Realty have unveiled their Class A speculative industrial project at 3901 NE 12th Ave. To be set in the heart of Broward County’s Pompano Beach industrial submarket, the Pompano Beach [...]

Pompano Beach will soon house a new distribution center, as Weeks Robinson Properties and Jeremy Shapiro of Miami-based Mainstream Investment Realty have unveiled their Class A speculative industrial project at 3901 NE 12th Ave. To be set in the heart of Broward County’s Pompano Beach industrial submarket, the Pompano Beach Distribution Center will total 202,000 square feet and will feature a 32’ clear height, an Early Suppression Fast Response (ESPR) sprinkler system and 180’ truck courts.

The building will accommodate users needing 20,000 square feet and up. Site work and building development will be underway within the next 60 days, with an expected completion date of April 2013.

“We are very happy to re-enter the South Florida industrial market with our local partner, Jeremy Shapiro,” said Forrest Robinson, CEO of Weeks Robinson Properties. “The strength of the South Florida industrial market is reflected by many characteristics: a barrier to entry for new development, completion of the Port of Miami’s new tunnel and dredging project and South Florida’s strategic location as the gateway to Latin America and the Caribbean.”

Robinson adds: “Given the continued low vacancy rates in the Pompano Beach submarket, trending increases in lease rates and the extremely limited amount of new products under construction, we expect to see strong interest in this development.”

Randall Paulson Architecture is designing the project, and Itasca Construction is the contractor for development. Leasing for Pompano Beach Distribution Center is being handled by Rick Etner, Sky Groden and Christopher Metzger of the Ft. Lauderdale Cushman & Wakefield Industrial Group.

As stated by Robinson, South Florida’s strong ties to Latin America will enable its industrial property sector to maintain its status as having one of the the lowest vacancy rates among port markets in the country. Miami-Dade county in particular is doing quite well in the industrial sector, as quickly improving property performance continues to sustain a flow of deals across all price points and building sizes, according to a recent Marcus & Millichap.

For more market data from Miami, click here.