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Point Blank Enterprises Lease Renewal at Prologis Atlantic Business Center

Sector: Manufacturing (Industrial) • Location: Pompano Beach, Florida, United States

Source: The Business Journals

Project
Completed

The lease renewal between Prologis and Point Blank Enterprises at Prologis Atlantic Business Center in Pompano Beach involved a 242,411 square feet industrial lease with a total industrial gross value of $26.9 million. The renewal addressed the tenant’s need for operational consolidation while maintaining their presence in the business center. The agreement, reached in Q4 2024 for a 63-month term,

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The project “Point Blank Enterprises Lease Renewal at Prologis Atlantic Business Center” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Pompano Beach, Florida, United States. Taiyo aggregates data on it from The Business Journals.

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Description

Description

The lease renewal between Prologis and Point Blank Enterprises at Prologis Atlantic Business Center in Pompano Beach involved a 242,411 square feet industrial lease with a total industrial gross value of $26.9 million. The renewal addressed the tenant’s need for operational consolidation while maintaining their presence in the business center. The agreement, reached in Q4 2024 for a 63-month term, included manufacturing, assembly, and testing operations with three months of base rent abatement. The renewal safeguarded jobs for over 1,339 employees and enhanced operational efficiency.

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