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Coca-Cola Beverages to Remain in Pembroke Park After Renewing Lease

A 64-month renewal for its lease at Seneca Industrial Park in Pembroke Park will keep Coca-Cola Beverages’ warehouse and distribution center in South Florida. Jonathan Kingsley, Executive Managing Director for Colliers Office and Industrial Services, a commercial real estate firm, represented Coca-Cola Beverages during lease negotiations at 2500 SW 32nd Ave.

The renewal was completed earlier in July and is valued at nearly $4 million. Coca-Cola has leased the property, owned by Nuveen, since 2005. Transwestern Senior Vice President Thomas Kresse represented Nuveen in the transaction. 

“This renewal signifies the excellent long-term relationship between Coca-Cola and Nuveen,” Kingsley says. “We’re seeing more tenants and landlords recognizing the value of their long-term relationships in a very competitive industrial market environment.” 

According to the most recent Colliers market report, Broward County’s industrial market ended the third quarter with over 1.5 million square feet of net absorption and a 1.3 million square feet development pipeline. Lower vacancy rates and increased leasing activity could position Broward County for a record-breaking year for net absorption.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.