First Industrial Realty Trust Leases 131,683 SF Industrial Space To ATI Inc. In Margate

The First Gate Logistics Center in Margate, located at 5301 West Copans Road, is leasing 131,683 square feet of industrial space. This facility, owned by First Industrial Realty Trust and represented by Peter E. Baccile, will be the new home for ATI Inc., a company specializing in the production of 3D-printed parts for nuclear-powered submarines and aircraft carriers.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: N/A
• Square Footage: 131,683
• Address: 5301 West Copans Road
• Market: Margate

ATI Inc., represented by Nick Wigoda and Steven Medwin from Newmark, has secured the lease for the space. The company has recently received a contract from Bechtel Plant Machinery for advanced 3D-printed aerospace and defense components, which will be produced at this facility. The new facility is expected to be operational by mid-2024 and will initially employ 12-20 people, with plans to expand to 75 employees within five years. The deal was facilitated by JLL, with Peter Sheridan, Yuri Quispe, and Peter Johnston representing the landlord, First Industrial Realty Trust.