Largest Industrial Lease in Palm Beach County in 2023 Arranged by CBRE

CBRE has arranged a new 133,000-sq.-ft. industrial lease at 2860 Ranch House Road in West Palm Beach, Florida. An undisclosed tenant will occupy the entire building.

Kirk Nelson, Robert Smith, and Jeff Kelly with CBRE represented the developer, Dalfen Industrial, in lease negotiations. The lease marks the largest industrial lease signed in Palm Beach County in 2023 and brings the property to full occupancy.

Palm Beach Airport Logistics Center is a new 133,075-sq.-ft. Class A industrial building located on approximately 10.5 acres. The project marks Dalfen Industrial’s first ground up industrial development in Palm Beach.

“We’re excited to have negotiated Palm Beach County’s largest lease,” said Tyler McElroy, Market Officer for Florida at Dalfen Industrial. “Leasing the development immediately upon completion speaks to its’ strategic last mile location.”

The property features 32-foot clearance heights, ESFR sprinkler system, hurricane impact glass, dock high and grade level loading, 158 auto parking spaces, 26 truck/dock door spaces, and 51 trailer spaces. It provides easy access to Interstate 95.