The South Florida Industrial Team Represented the German Engineering and Manufacturing Firm in the Lease Negotiations
POMPANO BEACH, FL, September 16, 2021 — Cushman & Wakefield’s South Florida Industrial Team negotiated three lease renewals totaling 66,053 square feet on behalf of German manufacturer MAN Engines & Components at 551 SW 13th Terrace in Pompano Business Park.
The Cushman & Wakefield team was comprised of Matthew G. McAllister, Chris Metzger, Richard F. Etner Jr., and Christopher Thomson. Pete Sheridan of JLL represented the building’s owner, Prologis.
MAN Engines & Components is a subsidiary of Augsburg, Germany-based MAN Energy Solutions, which produces large-bore diesel engines and turbomachinery for use in marine propulsion systems, power plant applications, and turbochargers. MAN Energy Solutions employs more than 14,000 people globally with MAN Engines & Components employing 42 workers at this location in Pompano Beach, where it packages MAN high speed marine engines for major boat builders and its distributors.
Since 1997, MAN Engines & Components has been the primary importer and service representative of MAN engines, components, and parts. The company services North, Central, and South America. MAN Engines & Components is also the exclusive importer of industrial diesel and gas engines for construction equipment, agricultural machinery, and power generation, including CHP (combined heat power) applications.
“We are incredibly pleased to have represented MAN Engines in their lease renewals at Pompano Business Park,” said McAllister. “Retaining technical companies with a long history of employing the highly-skilled workforce of Broward County is a win-win for all parties.”
The seven-member South Florida Industrial team led by Metzger, Etner, and Thomson negotiated just over 13 million square feet of sale and lease transactions valued at more than $313 million in 2020. For more information, please visit www.southfloridaindustrialteam.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About MAN Energy Solutions
MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon neutral future. Addressing tomorrow’s challenges within the marine, energy and industrial sectors, we improve efficiency and performance at a systemic level. Leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies. Headquartered in Germany, MAN Energy Solutions employs some 14,000 people at over 120 sites globally. Our after-sales brand, MAN PrimeServ, offers a vast network of service centers to our customers all over the world.
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591 SW 13th Terrace Photo
Matthew G. McAllister Headshot
Christopher Metzger Headshot
Richard F. Etner Jr. Headshot
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