Power Systems, a global multi-OEM industrial gas turbine service provider under parent company Hanwha Impact, has signed a 10-year lease for 185,000 square feet at the South Florida Gateway Distribution Center in Stuart, FL, valued at over $22 million.
Colliers’ Michael Falk and Jonathan Temple represented the tenant in the lease transaction. Cushman & Wakefield’s Matthew McAllister and Eric Cantor represented the landlord, Foundry Commercial.
South Florida Gateway Distribution Center, located at 2400 SW Gateway Place, is a Class A, master-planned, mixed-use development with frontage on Kanner Highway. Located in southeast Florida, Martin County is close to Florida’s Turnpike and Interstate 95.
Foundry Commercial recently developed the property in 2023. It is comprised of over 1.2 million square feet across four buildings, offering Class A warehouse products to users seeking 10,000 square feet up to one million square feet.
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