State Street Realty and Parvani Commercial Group, two Miami-based brokerage and advisory firms working on behalf of the seller, have closed on the sale of a warehouse property located next to the Miami International Airport.
State Street Realty recently closed 112,000 square feet of industrial and office space lease transactions at Prologis Beacon Centre Industrial Park and Prologis MIA Business Center valued at $5.5 million.
State Street Realty recently leased an impressive 92,259 square feet of industrial space at Miami Industrial Logistics Center (MILC) located within the Hialeah Gardens/Medley Industrial submarket. The following transactions were completed in the past 60 days:
• Pegasus Logistics Group, Inc. leased 20,749 square feet of industrial space at 15002 NW 107 Avenue, Hialeah Gardens. State Street Realty Vice President Frank Trelles, SIOR and Associate Brian Cabielles represented the Landlord, Duke Realty. Casal Group represented the Tenant.
• Ice River Springs of Hialeah Gardens, LLC leased 49,958 square feet of industrial space at 10701 NW 140 Street, Hialeah Gardens. Trelles and Cabielles represented the Landlord, Duke Realty. Newmark Grubb Knight Frank represented the Tenant.
• Alumina Distribution Center LLC leased 21,552 square feet of industrial space at 15002 NW 107 Avenue, Hialeah Gardens. Trelles and Cabielles represented the Landlord, Duke Realty. Macken Realty, Inc. represented the Tenant.
“With the continued tenant demand for new modern and efficient warehouse space and the positive impact on logistics real estate demand due to the housing market along with the rapid expansion of e-commerce, MILC provides outstanding opportunities for companies to lease state-of-the-art new Class “A” warehouse space in a convenient and central location within Miami-Dade County, commented Trelles. “MILC’s location in northwest Miami-Dade County provides immediate access to U.S. 27, Florida’s Turnpike, S.R. 826 and Interstate 75 via NW 138th Street. The buildings sit at a strategic distribution point servicing both Miami-Dade and Broward Counties’ seaports and airports while providing tenants exceptional access to an excellent local labor pool and superb amenities.”