Newmark Grubb Knight Frank announced that it represented the landlord, an institutional client, in a $30 million long-term lease renewal at Medley Logistics Park.
NGKF Secures $30 Million Industrial Lease Renewal
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Signs Point To Surge In South Florida Industrial Markets
South Florida’s industrial market has seen over 33 million square feet of net absorption since the end of the recession.
Following 2015’s record-setting year of 6.9 million square feet of absorption, 2016 logged another 4.7 million square feet for a combined total of 11.6 million square feet of positive net absorption within the past two years. This year’s deal activity is set up to continue this robust movement of growth.
Burger King Staying In Miami Airport Area, Building New HQ
Although Burger King‘s parent company is in Canada, the fast food company decided to stay in Miami, its home since 1959.
Burger King is building its new 150,000 square foot five-story headquarters in the same business park where it currently leases space.
