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Dalfen Industrial Leases 101,000 SF Industrial Space To National Millwork In West Palm Beach

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LEASED
Robert Smith
Kirk Nelson
Jeffrey Kelly

Florida

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Industrial
Leased 03/05/2024
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Property Image
LEASED

Dalfen Industrial Leases 101,000 SF Industrial Space To National Millwork In West Palm Beach

1715 Meathe Drive

See Similar Deals
Industrial
Leased 03/05/2024
Robert Smith
Kirk Nelson
Jeffrey Kelly
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Lease

The property involved is located at 1715 Meathe Drive in West Palm Beach, Florida. The asset is an industrial property with a total square footage of 101,000 square feet. The lease was secured by Murray Dalfen of Dalfen Industrial with Otto Nonnenmann of National Millwork.

Summary of transaction details:

CBRE played a crucial role in the deal, overseeing negotiations and marketing for the remaining available space in Building 2 at Dalfen Industrial's Turnpike Logistics Center. This 101,000-square-foot lease with National Millwork marks the largest industrial lease in Palm Beach County for the year.

Players

Jeffrey Kelly
CBRE
Jeffrey Kelly
8 deals$47.5M volume(561) 393-1621
BROKER
Kirk Nelson
CBRE
Kirk Nelson
15 deals$142.7M volume(561) 227-1803
BROKER
Robert Smith
CBRE
Robert Smith
17 deals$480M volume
BROKER

Details

LEASED
IMAGE: Murray Dalfen, Kirk Nelson, Robert Smith & Jeffrey Kelly DATE: 03/05/2024 ADDRESS: 1715 Meathe Drive MARKET: West Palm Beach ASSET TYPE: Industrial ~ SF: 101,000 LANDLORD: Murray Dalfen - Dalfen Industrial TENANT: Otto Nonnenmann - National Millwork BROKERS: Jeffrey Kelly, Kirk Nelson & Robert Smith - CBRE (@CBRE) NOTE: Dalfen Industrial's Turnpike Logistics Center in West Palm Beach, Florida, secured a 101,000-square-foot lease with National Millwork, the largest industrial lease in Palm Beach County this year. The deal involves National Millwork relocating to a portion of Building 2 at the center, with CBRE overseeing negotiations and marketing for the remaining available space.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97