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Aldora Aluminum & Glass Products Signs Lease For 105642 Square Feet At 4520 Coral Ridge Dr

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LEASED
Christopher (Chris) Metzger
MJ Ridenour
+ 1

Florida

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Industrial105,642 SF
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LEASED

Aldora Aluminum & Glass Products Signs Lease For 105642 Square Feet At 4520 Coral Ridge Dr

4520 Coral Ridge Dr, Coral Springs, F...

See Similar Deals
Industrial105,642 SF
Christopher (Chris) Metzger
MJ Ridenour
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:105642 SF
Transaction Type:Lease

The property involved in this transaction is a 105,642-square-foot industrial facility located at 4520 Coral Ridge Drive in Coral Springs, positioned within the Pompano Beach market. The landlord for this lease is Exeter Property Group, which is currently undertaking renovations to modernize the facility, previously known as the Alliance Building. This facility will be part of a larger development known as Coral Springs Commerce Center II, which encompasses a total of 567,846 square feet across four buildings.

Summary of transaction details:

The lease was negotiated by Richard Etner Jr., Chris Metzger, Christopher Thomson, and Matthew McAllister, all of whom are associated with Cushman & Wakefield, representing the building owner Exeter Property Group. Aldora Aluminum & Glass Products, which currently operates out of Miramar, is set to relocate to this new facility by summer 2019, allowing for the expansion of their manufacturing operations, including the production of hurricane-resistant aluminum storefronts and entry systems.

Players

Richard "Rick" Etner Jr
18 deals$171.9M volume
BROKER

MJ Ridenour
Coldwell Banker
2 deals$1.4M volume
BROKER

Christopher (Chris) Metzger
Cushman & Wakefield
25 deals$160.4M volume
BROKER

Christopher Thomson
Cushman & Wakefield
23 deals$62.6M volume
BROKER

Keller Williams Realty
BROKERAGE

Details

LEASED
IMAGE: 4520 Coral Ridge Dr, Coral Springs, F... MARKET: Pompano Beach LANDLORD'S REP: Christopher "Chris" Metzger-Cushman & Wakefield, Christopher Thomson-Cushman & Wakefield TENANT: Aldora Aluminum & Glass Products LANDLORD: Exeter Property Group SQUARE FEET: 105642

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Deal Type
Effective Rent (Annual)

$6,055,335.69

Total Lease Value

$60,553,356.91

Net Landlord Cash Flow$6,055,335.69