Palm Beach Park of Commerce - Bldg I

Jones Lang LaSalle (“JLL”), as exclusive advisor to Ambrose Property Group (“Ambrose”), is pleased to offer for sale the fee-simple interest in Palm Beach Park of Commerce, Building I (the “Offering” or the “Property”), a 246,474-square-foot, LEED Silver certified, Class A industrial facility located in Palm Beach County within the high-growth South Florida region. Situated within the 1,200-acre, master-planned Palm Beach Park of Commerce industrial park, this recently delivered facility is 100% leased to Niagara Bottling and Meyer Tool (collectively, the “Tenants”), with 8.6 years of WALT remaining (13.0 years including renewal options) and ~3.3% average annual escalations between the existing leases. The Property serves as a warehouse and distribution hub for both tenants’ South Florida manufacturing plants located in Jupiter, FL (1 mile) and Lake Park, FL (17 miles). Sitting just off US-HWY 710, the Property offers convenient access to I-95 and the FL Turnpike within 15 minutes, making it an ideal candidate for regional distribution with nearly 13M residents (56% of FL population) within a 3-hour radius. The convenient access to multiple transportation networks, including highways, rail systems, seaports, and airports in Palm Beach, Fort Lauderdale, and Miami, has drawn blue-chip users such as Amazon, Walgreens, McLane and CSX.