{"id":1004704883,"date":"2024-03-05T07:44:41","date_gmt":"2024-03-05T15:44:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004704883"},"modified":"2024-03-05T07:44:44","modified_gmt":"2024-03-05T15:44:44","slug":"dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/","title":{"rendered":"Dalfen Inks 101 KSF Lease at West Palm Beach Industrial Facility"},"content":{"rendered":"\n<p><strong>Dalfen Industrial<\/strong> has signed a 101,000-square-foot lease at its Turnpike Logistics Center in West Palm Beach, Fla., with <strong>National Millwork<\/strong>. The arrangement represents the largest industrial lease signed in Palm Beach County year-to-date, according to <strong>CBRE<\/strong>.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0ca6140fd89&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004704884\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/turnpike-logistics-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png\" data-orig-size=\"1332,1000\" data-comments-opened=\"0\" 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=\"Turnpike Logistics Center\" data-image-description=\"&lt;p&gt;Turnpike Logistics Center came oline in 2020. Image courtesy of CBRE&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Turnpike Logistics Center came oline in 2020. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png?w=300\" alt=\"Turnpike Logistics Center\" class=\"wp-image-1004704884\" style=\"width:302px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png 1332w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Turnpike Logistics Center came online in 2020. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>National Millwork will occupy a portion of Building 2 at Turnpike Logistics Center, located at 1715 Meathe Drive. The full-service door, hardware and millwork company will relocate from its current space at 1177 W. Blue Heron Blvd. this summer. \u00a0<\/p>\n\n\n\n<p>CBRE\u2019s Executive Vice Presidents Kirk Nelson, Robert Smith and Jeff Kelly negotiated on behalf of the landlord. The CBRE Industrial &amp; Logistics team will handle the marketing services for Turnpike Logistics Center\u2019s remaining 55,694 square feet of space available for lease at Building 2.<\/p>\n\n\n\n<p>Dalfen purchased Turnpike Logistics Center, formerly known as Greene Space Industrial,\u00a0back in 2021 for $60.6 million from developer Jeff Greene.<\/p>\n\n\n\n<p>Totaling 317,499 square feet, Turnpike Logistics Center comprises two buildings on 30 acres. The 124,479-square-foot Building 1 and the 193,000-square-foot Building 2 feature 32\u2019 clear heights, concrete tilt-wall construction, deep column spacing, 94 dock-high doors, two drive-in doors, ESFR fire sprinklers and hurricane impact glass.<\/p>\n\n\n\n<p>Located at 1673 and 1715 Meathe Drive, the two Class A <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-set-for-2024-transformation\/\">industrial buildings<\/a> provide direct on-ramp access to Florida\u2019s Turnpike. The industrial facility is also close to Interstate 95, which allows easy access to downtown Miami. \u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-considerable-surge-in-rents\">A considerable surge in rents<\/h2>\n\n\n\n<p>Near the end of last year, Dalfen secured a <a href=\"https:\/\/www.commercialsearch.com\/news\/dalfen-industrial-lands-489-ksf-nevada-lease\/\">full-building lease<\/a> with&nbsp;<strong>Tellworks Logistics&nbsp;<\/strong>at its 489,440-square-foot industrial property in Reno, Nev.&nbsp;CBRE arranged the deal, with Executive Vice President Eric Bennett representing the owner.<\/p>\n\n\n\n<p>A few metros have recorded a considerable surge in industrial rent growth. Miami\u00a0has witnessed the third-highest year-over-year <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">rent increase in the U.S.<\/a> in January, at 11.4 percent. In-place rents reached $11.04 per square foot, according to a recent CommercialEdge report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE brokered the agreement.<\/p>\n","protected":false},"author":3014,"featured_media":1004704884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,1492,21742,32781],"tags":[32789,48641],"class_list":["post-1004704883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-miami","category-latest","category-southeast","tag-cbre","tag-dalfen-industrial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dalfen Inks 101 KSF Lease at West Palm Beach Industrial Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Dalfen Industrial has signed a 101,000-square-foot lease at Turnpike Logistics Center West Palm Beach, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dalfen Inks 101 KSF Lease at West Palm Beach Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"Dalfen Industrial has signed a 101,000-square-foot lease at Turnpike Logistics Center West Palm Beach, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T15:44:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-05T15:44:44+00:00\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Turnpike-Logistics-Center-e1709637422651.png\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dalfen-inks-101-ksf-lease-at-west-palm-beach-industrial-facility\/\",\"name\":\"Dalfen Inks 101 KSF Lease at West Palm Beach Industrial Facility - 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