Gareth Hall Of Savills Leases 100,000 Square Feet Industrial Space At EastGroup Properties In Weston

The asset involved in this lease transaction is an industrial property located at 1951 North Commerce Parkway, Weston, FL, comprising a total space of 100,000 square feet. This facility is situated within EastGroup Properties’ Weston Commerce Park, which is geared towards industrial use and features upgraded amenities, including increased power capacity and full air conditioning.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 100,000 SF
• Address: 1951 North Commerce Parkway
• Market: Weston, FL
• Landlord: EastGroup Properties
• Tenant: Gareth Hall - Ontic
• Landlord's Rep: Christopher Metzger - Cushman & Wakefield
• Tenant's Rep: Thomas Viscount - Savills
• Lease Terms: long-term

Gareth Hall, representing Ontic, has agreed to a long-term lease in this upgraded facility set for occupancy in 2027. The assets will support Ontic's operations as an aerospace OEM supplier, enhancing its presence in South Florida, strategically located near its current headquarters in Miramar.