{"id":1004136005,"date":"2016-02-01T08:26:04","date_gmt":"2016-02-01T16:26:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136005"},"modified":"2022-03-03T15:00:29","modified_gmt":"2022-03-03T23:00:29","slug":"stockbridge-sheds-delray-distribution-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-sheds-delray-distribution-center\/","title":{"rendered":"Stockbridge Sheds Delray Distribution Center"},"content":{"rendered":"<div id=\"attachment_1004136006\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004136006\" data-attachment-id=\"1004136006\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-sheds-delray-distribution-center\/delray-distribution-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg\" data-orig-size=\"1302,673\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Delray Distribution Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Delray Distribution Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg?w=1024\" class=\"size-medium wp-image-1004136006\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg\" alt=\"Delray Distribution Center\" width=\"300\" height=\"155\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg 1302w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg?resize=300,155 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg?resize=768,397 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Delray-Distribution-Center.jpg?resize=1024,529 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004136006\" class=\"wp-caption-text\">Delray Distribution Center<\/p><\/div>\n<p><strong>Delray Beach, Fla.<\/strong>\u2014Delray Distribution Center has traded hands in a recent transaction mediated by <a href=\"https:\/\/www.cushmanwakefield.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Cushman &amp; Wakefield<\/a>. The real estate services firm represented the seller, <a href=\"https:\/\/stockbridgerealestate.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Stockbridge Capital<\/a>, in the $18.5 million deal. <a href=\"https:\/\/www.1800petmeds.com\/\" target=\"_blank\" rel=\"nofollow noopener\">PetMeds<\/a>, an online pharmacy offering pet medications and animal grooming products, acquired the asset.<\/p>\n<p>The 185,624-square-foot, two-building industrial facility is located in the Congress Park industrial sector. Built in 1994 on a 14.3-acre site at 420 and 440 South Congress Aves., its location offers easy access to Interstate 95, Florida\u2019s Turnpike and downtown Delray Beach. The development offers 26\u2019 clear ceiling heights, dock-high and grade-level loading, a 150\u2019 truck court, complete Early Suppression Fast Response (ESFR) fire sprinkler coverage and a generous parking ratio with room for future expansion. The asset was 100 percent leased at the time of the deal to tenants like <a href=\"https:\/\/www.dhl.com\/en.html\" target=\"_blank\" rel=\"nofollow noopener\">DHL<\/a> and <a href=\"https:\/\/www.levenger.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Levenger<\/a>. The new owner, previously headquartered in Pompano Beach, will also relocate its office and distribution headquarters to Delray Distribution Center.<\/p>\n<p>Senior Director Christopher Thomson, Executive Director Richard Etner, Executive Director Christopher Metzger and Associate Director Matthew McAllister of Cushman &amp; Wakefield represented\u00a0Stockbridge Capital in in the negotiations.<\/p>\n<p><em>Photo credit: Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stockbridge Capital sold the Delray Distribution Center industrial facility to an online pharmacy offering pet medications and animal grooming products.<\/p>\n","protected":false},"author":35,"featured_media":1004136006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1492,21742],"tags":[],"class_list":["post-1004136005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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