The Butters Realty Industrial Team of JC Conte, SIOR and Brian T. Ahearn, CCIM are proud to announce they have secured a new long-term industrial lease for the entire building totaling 103,356 SF for First Industrial Realty Trust, Inc. (NYSE: FR) at the First Sawgrass Commerce Center in Coconut Creek Florida with BGI Group, Inc. d/b/a US Cabinet Depot.
Coconut Creek, Florida – The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR & Brian T. Ahearn, CCIM represented First Industrial Realty Trust (NYSE: FR) in successfully leasing the First Sawgrass Commerce Center in its entirety prior to building completion. The new tenant is Georgia-based BGI Group, Inc. which is doing business under the name of US Cabinet Depot. US Cabinet Depot is a Georgia-based provider and distributor of quality kitchen cabinetry. US Cabinet Depot will employ approximately fifty people at this new distribution center serving the growing Florida market. The long-term lease contributes to First Industrial’s growth in South Florida where the company is currently developing three projects totaling more than 1.1 million square feet throughout Broward and Miami-Dade Counties. “It has been a real pleasure to work directly with Chris Willson, First Industrial’s senior regional director for Florida, in securing such a quality tenant for this project prior to the completion of the building. Chris knows how to find the right solutions for a tenant’s business and get deals done!” said Conte.
On behalf of First Industrial and the Butters Realty & Management, we wanted to personally thank Matt Rotolante, John Seoane and Conner Milford of Lee & Associates for their efforts and professionalism in representing their client BGI Group, Inc. well throughout the entire process. BGI Group, Inc. now has five locations nationwide; Fontana California, NorcrossGeorgia, Houston Texas, Boston Massachusetts and now Coconut Creek Florida. “The building size, demographics and proximity to customers fit into BGI Group’s national expansion plan perfectly. With this Coconut Creek location, US Cabinet Depot customers will be able to enjoy same day pick up and avoid the shipping costs they had been incurring from their Atlanta warehouse, which will further reduce cost and allow for just in time inventory delivery for their Cabinetry projects in both Southeast and Southwest Florida.” said Mr. Rotolante, President of Lee & Associates South Florida.
In addition to First Sawgrass, Butters Construction and First Industrial are actively working on the construction of seven buildings throughout Miami-Dade & Broward county . “First Industrial is excited to add US Cabinets to our tenant base and provide the right facility to support their growth,” said Willson. “ We are significantly expanding our investment in South Florida by developing state-of-the-art logistics facilities located to help our customers efficiently serve South Florida and the greater region.” .
“Partnering with Malcolm and Mark Butters has helped us to accelerate our growth and expand our portfolio in this highly desirable & competitive market. The Butters’ team and platform has been invaluable throughout the construction and lease-up of First Sawgrass. We look forward to continuing mutual success as we construct, deliver and lease our next development investments .” said Willson.
About First Industrial Realty Trust: (NYSE: FR) First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, the Company’s local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, First Industrial owns and has under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
About Butters Realty & Management: Butters is a vertically integrated real estate service company engaged in construction, development, leasing and property management. The company has assets in the industrial, office, retail and hospitality sector, located in South Florida, Orlando, Atlanta and Greensboro. Butters is a six-time (6x) winner of the NAIOP South Florida Chapter ‘Developer of the Year’ award and a top General Contractor in the region. www.Butters.com.
