State Street Realty Brokers Closes Over $7 Million In CRE Transactions

Aug 17, 2017 No Comments by

State Street Realty-Pino Lyden Trelles Cabielles & LopezState Street Realty recently closed over 150,000 square feet of office and industrial lease and sale transactions valued over $7,000,000 as the Miami commercial real estate market continues to see rental rates and leasing activity strengthen.

State Street Realty President George Pino SIOR, RPA, Executive Vice President Ed Lyden, Vice President Frank Trelles, SIOR, Associate Brian Cabielles and Leasing Associate Ana Lopez working on behalf of landlords Prologis and various other clients recently completed these transactions:

Wheel Pros, LLC leased 23,549 square feet of industrial warehouse space at Seneca Industrial Park located at 2599 SW 32 Avenue in Pembroke Park.  Cabielles, Trelles, and Pino of represented the tenant and Thomas Kresse of Transwestern represented the landlord.     

MP Chemicals, LLC leased 31,252 square feet of industrial warehouse  space at Prologis Beacon Centre Business Park at 1729 NW 84 Avenue in Doral.  Pino, Cabielles represented the landlord and Jose Val of D-1 Property represented the tenant.

Dal-Tile Distribution, Inc. leased 15,121 square feet of industrial warehouse space at Prologis Beacon Centre Business Park at 1627 NW 84 Avenue. Pino Cabielles represented the landlord and Devin White of CBRE represented the tenant.

Citrus Health Network leased 2,537 square feet of office space at Westside Office Plaza 3 at 8200 NW 33 Street in Doral.  Pino and Lyden represented the landlord.

International Hotel Group, LLC renewed a lease of 4,439 square feet of office space at Westside Office Plaza 1 at 8400 NW 33 Street in Doral.  Pino and Lyden represented the landlord.

According to President, George Pino, “a booming e-commerce industry and growing population are propelling industrial rental rates and new construction in Miami-Dade. Over the past 3 years, the Miami industrial market has performed very well with more new construction and higher rental rate growth than other major markets.  Due to the land constraints in Miami-Dade, this is one of the most competitive markets in the US to acquire industrial land to develop.  We are also seeing a record sum of investment capital coming into the market to buy assets.”

 

 

 

 

 

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