West Palm Beach-based Good Greek Moving & Storage inked a long-term lease for 61,288 square feet of warehousing and storage space at Bridge Point Port Everglades, at 2200 N.E. Seventh Ave. in Dania Beach. Move-in is slated for February next year.

Cushman & Wakefield’s Rick Etner and Nicolas Reid represented Good Greek. JLL’s Sky Groden, Ken Morris and Jeremy Cain represented the landlord, Chicago-based Bridge Industrial. Details of the transaction were not disclosed.

Good Greek cited continued company growth and described the lease as a consolidation and major expansion of its industrial footprint in Broward County. The company, which bills itself as Florida’s largest independent moving and storage firm, said it plans to use the space as its primary hub for operations across Miami-Dade, Broward and Monroe counties.

Good Greek’s lease takes Bridge Point Port Everglades, completed last year, to more than 60% occupancy.

The 171,983-square-foot, Class A facility is already home to Rehoboth Terminal, which agreed to 44,805 square feet of space in June and specializes in roll-on/roll-off cargo. Rehoboth Terminal is a sister company of Fort Lauderdale-based Accordia Shipping.

Bridge Point Port Everglades offers easy access to I-595, Fort Lauderdale-Hollywood International Airport and Port Everglades. The LEED Silver-certified facility features 32-foot clear heights, among other features.

“Even as the broader industrial market stabilizes, Bridge Point Port Everglades proves that location and quality prevail,” said John Mejia, director of leasing for the southeast region at Bridge Industrial.

Bridge Point Port Everglades is located on what was previously a privately owned parking lot for airport passengers. Bridge Industrial acquired the former Park ‘N Fly for $20 million in June 2022. The company redeveloped the 22.4-acre site after obtaining a $28 million construction loan from Talcott Resolution Life Insurance Co. in August that year.

In recent years, Bridge Industrial has become one of South Florida’s most active industrial real estate developers. Since 2012, Bridge Industrial has acquired more than 750 acres across the tri-county region and has delivered or started work on more than 11 million square feet of Class A industrial space, according to the company.

In the third quarter of the year, South Florida’s industrial market experienced an uptick in vacancies across the board, while overall average direct asking rents held relatively steady.

Industrial vacancies were highest in Palm Beach County, at 7.2%, up from 6.5% the quarter prior, according to Colliers’ latest market report. In Miami-Dade County, vacancies rose to 6.5% from 6.2% in the second quarter. In Broward County, vacancies ended the third quarter at 6.4%, compared to 5.8% the previous quarter.

Rents were most expensive in Broward County, rising to $17.04 per square foot from $16.98 per square foot the quarter prior. That was followed by Miami-Dade County, at $16.94 per square foot, up from $16.84 per square foot. In contrast, rents in Palm Beach County dipped slightly, falling to $15.83 per square foot from $15.96 per square foot in the second quarter.