Century-Old Downtown Miami Business Heads To Hialeah

Aug 24, 2015 No Comments by

CBRE arranged a long-term lease for a century-old business that is leaving the urban core to make way for the Miami WorldCenter development.

The Cromer Company, a wholesaler specializing in resort apparel like t-shirts, beach towels, flip flops, and cover ups, signed a long-term lease for 26,000 square feet at 9800 NW 78th Avenue in Hialeah Gardens.

CBRE’s Mike Silver arranged the lease on behalf of the tenant.

Cromer Company had operated out of a downtown Miami warehouse at 55 N.E. 7th Street since 1957, but in 2013 it sold that property and adjacent parcels of land (a 60,000-square-foot lot) to the developers of Miami WorldCenter for $16 million. The company leased back its warehouse, but with that lease now expiring, it will relocate beginning September 1, 2015 to the new facility in Hialeah Gardens – a 52,000-square-foot multitenant building with 20-foot clear ceiling heights and dock-height loading.

 

“This property provides Cromer the ideal location and environment in which to further grow its century-old wholesale business, with the added convenience and efficiency of a modern industrial facility,” said CBRE Senior Vice President Mike Silver.

 

“As one of Miami’s oldest family-run businesses, we’re excited for this new chapter in our history, and while we’ll miss being in downtown Miami , the more modern warehouse space fits our needs better and we’re excited for the incredible transformation to the city that the Miami WorldCenter development will bring,” said Daniel Cromer, CEO.

 

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