AVE Leases 12,000 SF

AVE Aviation & Commerce Center, the 2.6 million square foot, master-planned, mixed-use business park at the western region of Opa-Locka Executive Airport, has signed a lease with Universal Arts Pharmacy for 12,000sf of industrial space, announced Ernesto Cambo, principal of CPF Investment Group, developer of AVE.
The 10-year lease agreement, which is valued at $1.2 million, brings AVE’s total occupancy in its existing facilities to 100%. Hialeah-based Universal Arts Pharmacy will occupy warehouse space in early 2012 as part of the company’s expansion in AVE’s Building “N”, a Class A, 151,000sf industrial building.
Daniel Pou with Horizon Properties represented Universal Arts Pharmacy in the transaction.
Source: FREJ