Cushman & Wakefield Negotiates ±192,500-SF Lease Renewal

May 06, 2019 No Comments by

Cushman & Wakefield has negotiated a ±192,454-square-foot, whole-building lease renewal for Miami International Freight Solutions (MIFS) at 14100 NW 60th Avenue in Miami Lakes Business Park East. According to Cushman & Wakefield Research, this is the largest 2Q 2019 industrial lease renewal to date in the Miami market.

The Cushman & Wakefield South Florida Industrial Team of Wayne Ramoski and Gian Rodriguez represented MIFS in the renewal negotiations. Carlos Velasquez and Rene Vivo of The Vivo Group represented the landlord, San Francisco-based Terreno Realty Corporation.

MIFS is an industry-leading logistics firm specializing in air and ocean export, domestic transportation, imports and U.S. customs services, systems integration, insurance, foreign-trade zone (FTZ) and logistics and supply chain management.

14100 NW 60th Avenue is a distribution facility developed in 1971 on a ±13.2-acre site. The building is well suited for third party logistics usage in that it is centrally located in FTZ 281, features numerous loading points, ±10,000 square feet of executive offices and a fully secured truck staging and storage yard.

 

“We are pleased that MIFS, a longstanding Miami-Dade international and domestic logistics provider, chose to extend their lease in the well located, prestigious Miami Lakes submarket,” said Ramoski. “A centralized, secure location to serve their clients and the institutional ownership offered by Terreno were driving factors in the lease renewal.”

Cushman & Wakefield’s South Florida Industrial Team, comprised of Ramoski, Rodriguez and Skylar Stein, negotiated 2.7 million square feet of sales and leases valued at more than $156 million in 2018.

 

 

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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
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