Power Systems Leases 185000 Square Feet At South Florida Gateway Distribution Center For 10 Years

The industrial asset located at 2400 Southwest Gateway Boulevard in Stuart, Florida, encompasses a total area of 185,000 square feet. The lease transaction is valued at over $22 million, specifically contributing to the South Florida Gateway Distribution Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: over $22 million
• Lease Term: 10-year
• Landlord: Paul Ellis - Foundry Commercial
• Tenant: Power Systems
• Landlord's Representative: Eric Cantor & Matthew McAllister - Cushman & Wakefield
• Tenant's Representative: Jonathan Temple & Michael Falk - Colliers

Colliers' representatives, Michael Falk and Jonathan Temple, facilitated the transaction for the tenant, Power Systems. Meanwhile, the landlord, Foundry Commercial, was represented by Matthew McAllister and Eric Cantor from Cushman & Wakefield. The lease agreement aligns with Power Systems' strategic growth under Hanwha Impact.