Palm Beach, FL
Largest Industrial Lease in Palm Beach County in 2023 Arranged by CBRE
Palm Beach Airport Logistics Center Reaches Full Occupancy
February 1, 2024
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Corp Communications Manager
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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.