The company also has a prominent presence in New York. With this most recent expansion, Quest now operates more than 169,000 square feet of co-working spaces in South Florida alone. The deal was announced by Newmark Grubb Knight Frank’s Lance Benson, who represented Quest for its long-term 22,000-square-foot lease at 150 South Pine Island Road. Quest Workspaces, banking on the growing popularity of co-working spaces, just expanded into Plantation with a lease valued at $4.9 million. “As such, tenants – especially larger space users – are competing for a narrow supply of quality space, prompting a renewal trend across markets.”įlagler Global Logistics is currently building out the last phase of its 900-acre Flagler Station development, which will eventually house 14 million square feet of leasable space once complete. “Demand for industrial space throughout South Florida is extremely high, particularly in Miami-Dade with absorption at nearly four times more than Broward and Palm Beach and nearly double the relative absorption, market research shows,” Schuchts said in his firm’s announcement of the lease. The lease covers 139,105 square feet of space at 11700 Northwest 100th Road that Primesource uses as a distribution center for everything from saw blades to screw fasteners.Īvison Young’s Wayne Schuchts and Andrew Bonner brokered the deal on behalf of Primesource. Primesource Building Products, a major building materials manufacturer, renewed its lease for an entire industrial building in the Flagler Station business park in Medley. It’s been a busy week for South Florida’s leasing agents, with plenty of big-ticket transactions to show for their efforts.

Quest workspaces plantation