{"id":1004713929,"date":"2024-05-17T03:02:42","date_gmt":"2024-05-17T11:02:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004713929"},"modified":"2024-05-20T07:51:38","modified_gmt":"2024-05-20T15:51:38","slug":"3pl-firm-enters-south-florida-with-1-msf-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/3pl-firm-enters-south-florida-with-1-msf-lease\/","title":{"rendered":"3PL Firm Enters South Florida With 1 MSF Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-medium is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004713930\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/3pl-firm-enters-south-florida-with-1-msf-lease\/crossroads\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg\" data-orig-size=\"1200,900\" 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=\"Crossroads\" data-image-description=\"&lt;p&gt;SL Industrial Partners broke ground on Interstate Crossroads Logistics Center in 2021.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;SL Industrial Partners broke ground on Interstate Crossroads Logistics Center in 2021.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg?w=1024\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg?w=300\" alt=\"Property at 5001 Crossroads Parkway, Fort Pierce, Fla.\" class=\"wp-image-1004713930\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/Crossroads.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\">SL Industrial Partners broke ground on Interstate Crossroads Logistics Center in 2021. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In its first South Florida contract, BroadRange Logistics has signed a 1 million-square-foot industrial lease in Fort Pierce, Fla. The ultra-flex 3PL firm will occupy the entire Interstate Crossroads Logistics Center late this year.<\/p>\n\n\n\n<p>The deal marks the largest industrial lease in Florida year-to-date. CBRE led the negotiation efforts on behalf of the owner, SL Industrial Partners\u2014an affiliate of The Silverman Group.<\/p>\n\n\n\n<p>The developer broke ground on the speculative project in 2021, after purchasing the 132-acre site from FLF Holdings. The land sold for $7.5 million, according to CommercialEdge data.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/portal-warehousing-ceo-on-the-expansion-of-co-warehousing-solutions\/\">Q&amp;A: The Expansion of Flex Warehousing Solutions<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Interstate Crossroads Logistics Center features 40-foot clear heights, LED lighting, ESFR sprinklers, 232 dock-high doors and four drive-in doors, as well as 472 parking spaces and 412 trailer spaces.<\/p>\n\n\n\n<p>Located at 5001 Crossroads Parkway, the property is centrally situated between Interstate 95 and Florida&#8217;s Turnpike. The surrounding thoroughfares provide access to Palm Beach County, Miami and Orlando, Fla.<\/p>\n\n\n\n<p>CBRE Executive Vice Presidents Robert C. Smith, Kirk Nelson, Jeffrey Kelly and David J. Murphy alongside Senior Vice President Monica Wonus represented the landlord in the negotiations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-broadrange-s-burgeoning-industrial-footprint\">BroadRange&#8217;s burgeoning industrial footprint<\/h2>\n\n\n\n<p>As of November 2023, BroadRange had grown by 3,200 percent over the past three years. At the time, the firm operated 11 warehouses across five states, totaling 7 million square feet.<\/p>\n\n\n\n<p>A month later, the firm expanded its footprint with two new warehouses in Pennsylvania and Florida. The expansion encompassed a 1.2 million-square-foot property in Shoemakersville, Pa., and a <a href=\"https:\/\/www.commercialsearch.com\/news\/mdh-partners-inks-351-ksf-lease-at-central-florida-facility\/\">350,893-square-foot building<\/a> in Ocala, Fla.<\/p>\n\n\n\n<p>And the expansion continued in 2024. Earlier this year, BroadRange leased two warehouse facilities in Cartersville, Ga., and Adairsville, Ga. The locations totaled more than 1 million square feet of logistics space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This deal marks the state&#8217;s largest industrial commitment so far this year.<\/p>\n","protected":false},"author":3471,"featured_media":1004713930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,32781],"tags":[32789,38203,33481,40338],"class_list":["post-1004713929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-southeast","tag-cbre","tag-david-murphy","tag-robert-smith","tag-the-silverman-group"],"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>3PL Firm Enters South Florida With 1 MSF Lease - 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