Daniel P. Cook of Cook Commercial Realty, Inc. represented Foreign Parts Distributors LLC in a new, 152,800-square-foot industrial lease at Gratigny Industrial Park, located at 3000 NW 125th Street in Miami.
Easton & Associates’ Jim Armstrong and Mike Waite represented the landlord, 3000 Gratigny Associates LLC.
The 10-year lease deal is valued at $12,000,000.
Cook has worked with Foreign Parts Distributors for many years while they expanded into several buildings in Hialeah.
“We have been encouraging FPD for some time to consolidate into one facility, but timing and finding the right available facility proved challenging,” explained Cook. “Ultimately, we called Easton & Associates, which had a building that fit FPD’s needs, but it wasn’t available. We pressed Jim Armstrong, the listing agent, to contact the building owners in hopes of working a creative deal involving the existing tenants and, in the end, solidified a long-term deal that benefitted all parties involved.”
FPD, Inc., which will occupy the space in 2019, is a provider of premium brand quality auto parts. FPD, and its line of O.E. Brand parts, has been a leader in the automotive aftermarket since 1972.