Greystar Announces Sale of Cocomar Business Park in South Florida

Willis Lease Finance Corporation acquires nearly 375,000-square-foot logistics development in Coconut Creek for new corporate headquarters.

Coconut Creek, FL — November 5, 2026 — Greystar, a global leader in investment management, development, construction, and property management, announced the sale of Cocomar Business Park, a 374,910-square-foot Class A logistics development in Coconut Creek, Florida to Willis Lease Finance Corp. (Nasdaq: WLFC), a global aviation engine leasing and services company. 

Developed and built by Greystar, Cocomar comprises three rear-loading industrial buildings across approximately 36 acres at 4733, 4763 and 4851 W. Atlantic Boulevard. The project broke ground in June 2025 and was completed in September 2026, ahead of schedule. The project was built on a speculative, for-lease business plan.  

“Cocomar Business Park is a great example of our logistics strategy, which is to focus on delivering best-in-class facilities in high-barrier-to-entry markets,” said Lewis Stoneburner, Senior Managing Director, Development at Greystar. “Through close collaboration with the City of Coconut Creek and surrounding neighborhoods, we navigated a complex rezoning process, and built community support. We're proud to have built and delivered a project that supports the local community and ultimately helped retain one of the city's most significant businesses.”

“We've thoroughly enjoyed working with the Willis team throughout this transaction and are excited to see Cocomar become the home of their new headquarters,” said Herbie Klotz, Greystar's Logistics business leader in Florida. “Willis has built an impressive global business, and we're grateful to have partnered in supporting their continued growth in Coconut Creek. We wish their team great success as they settle into their new buildings.”

The sale builds on Greystar’s growing logistics platform in Florida and nationally.

About Greystar
Greystar is a leading, fully integrated global real estate platform offering expertise in property 
management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates approximately $350 billion of real estate in over 265 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than one million units/beds globally. Across its platforms, Greystar has over $80 billion of assets under management, including over $34 billion of development assets and approximately $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.


Media Contact
Bailey Zaunbrecher
bailey.zaunbrecher@greystar.com