Newmark Knight Frank (NKF) announced an 81,250-square-foot lease for Aerotech Ops at Pan American North Business Park, owned by Link Logistics Real Estate.
NKF’s Executive Managing Director Steve Medwin and Nick Wigoda along with Associate John Mejia represented the landlord in the transaction.
Aerotech Ops (ATOPS) is an organization that primarily operates in the Aircraft Maintenance and Repair Services business. The firm is expanding and relocating from its 30,000-square-foot space in Doral as its business has experienced rapid growth, despite the current pandemic. ATOPS employs a combined workforce of OEM trained FAA Airframe and Powerplant qualified technicians noted for performing with the most extreme quality and professionalism per the air industry manufacturer’s references and standards.
“The industrial and logistics market has been growing rapidly since the onset of COVID-19,” said Medwin. “This lease demonstrates that other industries are also doing well despite the uncertainty in the economy.”
According to NKF Research the Aviation & Aerospace sector has leased approximately 250,000 square feet in midsize to large lease deals throughout South Florida so far in 2020. Placing the industry in fourth of the leading industries in the region.
Pan American North Business Park is located at 10733 NW 123rd Street in Medley, offering quick access to the Florida Turnpike, the Palmetto Expressway, Miami International Airport and both South Florida Seaports. The property spans 185,520 square feet and features a private, secure truck court and partially air-conditioned warehouse space.