CBRE Negotiates 34.5K SF Lease For Asia-Based Logistics Company

Oct 24, 2018 No Comments by

CBRE has arranged a 34,592-square-foot lease at Miami International Tradeport (MIT). The industrial space, scheduled to be delivered in the first quarter of 2019, is located at 11440 Northwest 122nd Street, Building F-1, in Medley.

CBRE represented the tenant in the transaction, Kerry Freight (USA) Inc. The CBRE teams representing the tenant were Miami-based David Albert, Devin White and Andrew Fernandez as well as New Jersey-based CBRE Team led by Scott Belfer and Kevin Dudley.

 

“We are excited to have helped Kerry Freight USA expand their warehouse operations to service their growing clientele while relocating to a more cost-effective facility without sacrificing functionality,” commented Fernandez. “MIT provided a newly-constructed modern warehouse at a discounted rent to Doral. Having worked alongside exceptionally well with two New Jersey-based CBRE teams to attain this lease for our client is a testament to CBRE’s strength across the platform and network.”

MIT is conveniently located on the southeast corner of Northwest 115th Avenue and Northwest 122nd Street, just east of the Florida Turnpike and south of Okeechobee Road. It is near major transportation hubs, including Miami International Airport (MIA), Port of Miami, Ft. Lauderdale International Airport and Port Everglades.

Miami International Tradeport is being developed by Liberty Property Limited Partnership. Once fully completed, the industrial park will include 10 class-A warehouse facilities, totaling around 1.7 million square feet of state-of-the-art distribution space.

According to CBRE’s MarketView Miami Industrial Q2 2018 report, Medley was the second most active submarket with leases transactions completed, after the North Central Dade submarket. Current vacancy in Medley is at 4.1%.

Kerry Logistics is an Asia-based, global 3PL, offering end-to-end supply chain solutions for multinational corporations and international brands – from sourcing and manufacturing, to selling across the globe. Kerry Logistics’ core business encompasses integrated logistics, international freight forwarding, express and supply chain solutions.

 

 

————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.

CLICK HERE TO SUBSCRIBE TODAY!

 

 

Go Ahead...Share!
  • email
  • Print
  • LinkedIn
  • Twitter
  • Facebook
  • Google Bookmarks
  • RSS
  • Add to favorites
Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
No Responses to “CBRE Negotiates 34.5K SF Lease For Asia-Based Logistics Company”

Leave a Reply