Cushman & Wakefield Represented the Landlord, Cabot Properties, in the Lease Negotiations
LAKELAND, FL, August 21, 2019 – Cushman & Wakefield has negotiated a 157,500-square-foot lease with Ta Chen International, Inc. at Lakeland Logistics Center in Lakeland, Florida. The lease brings the 490,000-square-foot, Class A distribution facility to 100% occupancy.
The Cushman & Wakefield Industrial Leasing team of Senior Director Jared Bonshire, Managing Director Julia Silva, Senior Director David Perez and Senior Associate Jessica Mizrahi represented the landlord, Cabot Properties, in the lease negotiations. Cabot Properties, a leading investor, developer and operator of industrial assets, acquired the property in June 2018 and subsequently engaged the Cushman & Wakefield team as the exclusive leasing agent.
The tenant, Ta Chen International, is an industry-leading manufacturer and distributor of stainless, aluminum and nickel alloy coils, sheets, plates, long products, tubes and PVFs. The company has operations throughout the U.S., as well as in Canada, Taiwan and China. It will be relocating from 6870 Firstpark Blvd. Darren Butler of NAI Brannen Goddard represented the company in the new lease.
Other notable tenants at Lakeland Logistics Center property include Parksite Inc., Recleim Nova LLC, and Crown Health Care Laundry Services.
At 2025 W. Memorial Blvd., the facility is ideally situated within the Interstate-4 Corridor, which provides exceptional connectivity to both Tampa and Orlando, and is considered one of the primary logistics corridors in the southeast. Completed in 2017, the property consists of two, 245,000-square-foot buildings on 43.6 acres and features ample trailer parking, front-load and cross-dock capability and 32-foot clear height ceilings.
“Lakeland Logistics Center offers high-quality new construction and exceptional connectivity, just over a mile from I-4,” said Bonshire. “With 157,500 square feet at this facility, Ta Chen International will have the space and accessibility it needs to continue growing and succeeding in Lakeland.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida