CBRE announced today it executed the lease of a 50,328 square-foot industrial warehouse space at Centergate at Gratigny II in Hialeah. Located at 5801 East 10th Avenue, the space includes 2,499 sq. ft. of office, 47,829 sq. ft. of warehouse space and 14 dock positions.
The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean.
Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
Ram Tool Construction Supply Company, a specialty construction supply distributor, inked a long-term, 30,465-square-foot lease at 1600 NW 102nd Avenue in Doral, within International Corporate Park.
The 30,465 square foot facility includes ±8,674 square feet of existing office and is situated on a ±4.02 acre site.