(Weston, FL – August 6, 2020) The South Florida office of Duke Realty (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that its speculatively developed 100,876-square-foot logistics building at 1731 W. Copans Road in Pompano Beach is now completely leased. The recently signed transactions that brought the building to full occupancy include a 40,551-square foot lease with a leading transportation and logistics company and a 60,325-square-foot lease with a supplier of pipes, valves and fittings.
“We are pleased to welcome our new tenants to Copans 95 , both of whom were looking for modern logistics space with exceptional highway access,” said Stephanie Rodriguez, Vice President of Leasing and Development for Duke Realty in South Florida. “Though the pandemic has had an impact on all sectors of commercial real estate, we’re finding that users are still leasing space, particularly if the building’s features and accessibility can improve their distribution efficiency.
Copans 95 1731, a 100,876-square-foot modern distribution center, is located just ½ mile west of the Copans Road I-95 interchange and minutes from Florida’s Turnpike. The front-load building includes 32′ clear, 25 dock doors, two drive-in doors, parking for 75 automobiles and a 110′ trailer court.
“In addition to being a state-of-the-art facility, Copans 95 1731 offers unparalleled highway access,” said Rodriguez. “Tenants can quickly and easily be on their way to locations throughout Florida in just minutes.”
The Cushman & Wakefield South Florida Industrial Team of Executive Director Rick Etner, Executive Director Chris Metzger, Executive Director Christopher Thomson and Director Matthew G. McAllister, along with Senior Director Jacob Horsley of the firm’s Jacksonville office, represented the tenants in lease negotiations. Duke Realty was represented by Ms. Rodriguez.
About Duke Realty
In South Florida, Duke Realty owns, operates or has under construction more than 8.5 million square feet of logistics real estate. Its local office is at 2400 North Commerce Parkway, Suite 405, Weston, FL 33326. The phone number is 954.453.5660.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 156 million rentable square feet of logistics real estate assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.