Swiss travel retailer Dufry just inked a 200,000-square-foot lease at Prologis’ Beacon Lakes business park in northwest Miami-Dade County, where it’s planning to move its regional headquarters.
The building is breaking ground soon and will rise at the southeast corner of Northwest 137th Avenue and Northwest 14th Street, between Northwest 14th and State Road 836, according to a spokesperson for the commercial brokerage representing the tenant.
The build-to-suit warehouse space will add 40,000 square feet to the retailer’s current footprint in the area. It currently occupies about 160,000 square feet at the nearby International Corporate Park in Doral, and plans to move into its new headquarters by the first quarter of 2019.
Chris Harak and Juan Ruiz of Blanca Commercial Real Estate represented the tenant. JLL represented the landlord, Prologis. Harak declined to comment on the terms of the lease, but said rents in the area range from about $9 per square foot to $10 a square foot, monthly.
“The new location made the most sense logistically for the company,” Harak said, adding that most of the employees already live in the area. The new space also offers 6 feet of additional ceiling height, which would allow the company to expand its warehouse space, if needed, Harak said.
Dufry’s office in Doral oversees its operations in Central and South America, as well as in the Caribbean.
Source: The Real Deal