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Amazon Opens South Florida Warehouse

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Business leaders in Florida’s Palm Beach County touted last week the opening of a warehouse for retail giant Amazon for creating hundreds of jobs.

Amazon leases the 96,759-square-foot building at Turnpike Crossing Industrial Park in West Palm Beach. The company has been rapidly expanding its warehouse footprint nationwide to ensure it has a distribution center near major population hubs to keep up with demand for 24-hour shipping.

“The new station powers Amazon’s last-mile delivery capabilities to speed up deliveries for customers in Palm Beach County,” the Business Development Board of Palm Beach County noted in a statement. The facility employs “hundreds” of full-time and part-time workers making at least $15 an hour, the board added.

The Seattle-based e-commerce and media company reported spending $4.7 billion on equipment and property over the third quarter that ended Sept. 30, up 40% from the same time a year earlier. Over the past nine months, the company reported it has spent $11.5 billion on property and equipment.

Palm Beach County industrial rents rose 4.6% in the past year and have posted an average annual gain of 5.2% since 2016, according to the latest submarket report from CoStar Market Analytics. Vacancies remain below the cycle average but are trending higher in recent quarters, the report noted.

By: Paul Owers

CoStar News

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Frank Tolentino

Frank Tolentino is an astute marketing strategist with an extensive track record of creating brands and aligning organizations to achieve excellence, profitability and recognition. He is a trusted adviser. Prior to joining Lokation Real Estate Frank Tolentino established his career as a marketing consultant for companies of all sizes: from mom and pops to publicly traded companies. With over 15 years of experience, Frank Tolentino excels at client service, understanding customer needs with a strong drive to deliver results and exceed their expectations. Frank is highly personable, professional and responsive. He fosters trust, builds rapport with both tenants and landlords, buyers and sellers, built with strong leadership to bridge gaps even in the midst of tough negotiations; a master business relationship builder. Armed with an amazing creative eye for envisioning opportunities with expertise in the art of orchestrating win-win deals and negotiations while providing ethical and simple solutions that delivers unparalleled results. That is why he made the smart move to transition into real estate. His years of experience in strategic marketing and business development amplify his expertise in commercial real estate. He currently specializes in these areas of Commercial Real Estate: Preschool / Child Day Care, Pharmaceutical, Industrial, Warehouse, Retail Strips, Offices, Medical, Land, Business acquisition and commercial investments. Frank Tolentino is based in Broward County, South Florida, “playground for divers” as he refers to. Frank is also an active certified SCUBA Dive Master and a Freediver. He enjoys going deep underwater exploring natural reefs and shipwrecks. He not only finds tranquility and a moment of bliss while interacting with marine life, but also, he is proactive in supporting natural marine conservation awareness and restoration. Frank is a wine enthusiast and enjoys cooking, grilling and especially, sharing them with his friends and neighbors. He is very spiritually inclined, he volunteers in many outreach programs to find an opportunity to encourage someone. He takes delight in showing personal interest with individuals he just met and spends time to motivate them to help them stay hopeful. His favorite lines are: “feed your mind with positive thoughts, you are what you focus on”, “just because you have a negative thought, it doesn’t mean it’s true”, “always invest on positive thoughts it yields better results”.