Cushman & Wakefield Negotiates 105,000 SF Lease At Miami Industrial Logistics Center

Nov 27, 2017 No Comments by

Cushman & Wakefield announced that it has negotiated a 104,616-square-foot industrial lease at Miami Industrial Logistics Center (MILC), a three-building warehouse and distribution center in Hialeah Gardens.

The South Florida industrial brokerage team of Executive Director Wayne Ramoski and Director Gian Rodriguez negotiated a long-term lease with Miami-based Pro Intermodal, L.L.C. on behalf of owner Duke Realty.

Pro Intermodal L.L.C. is a licensed and bonded freight shipping and trucking company that leased half of MILC I. The space includes a 2,500-square-foot spec office, which helped facilitate the transaction.

 

“We were able to make this deal happen so quickly because of the previously constructed spec office and Duke’s ability to deliver the space within Pro Intermodal’s truncated timetable,” said Rodriguez.

 

Added Rodriguez, “It’s a sign of the times. As a landlord, you have to be ready and flexible to accommodate a myriad of tenants with different timing expectations and needs — especially those tenants that are in the contract-driven world of logistics/freight forwarding.”

MILC comprises three Class A, rear-load, multi-bay buildings totaling ±676,835 square feet in northwest Miami-Dade County. MILC I, at 15002 NW 107th Avenue, is ±209,232 square feet; MILC II, at 14802 NW 107th Avenue, is ±211,757 square feet; and MILC III, at 10701 NW 140th Street, is ±255,846 square feet.

MILC I and II feature built-to-suit offices; a 180-foot shared, fenced truck court; ±32-foot clear heights; four overhead doors per bay; 54-foot column spacing; a 60-foot staging bay; an ESFR (Early Suppression, Fast Response) fire safety system; LED energy-efficient lighting; and ample parking. MILC III is a standalone building located approximately one-half mile south of MILC I and II featuring similar construction attributes and a private, 120-foot truck court.

This is the second lease Ramoski and Rodriguez have secured on behalf of Duke Realty at MILC this year. Combined, the two leases total in excess of 200,000 square feet, which account for roughly 30 percent of the project. Duke Realty acquired the buildings in April from Bridge Development Partners.

MILC’s location in northwest Miami-Dade County provides immediate access to U.S. 27, Florida’s Turnpike, S.R. 826 and Interstate 75 via NW 138th Street. The buildings sit at a strategic distribution point servicing both Miami-Dade and Broward Counties’ seaports and airports while providing tenants exceptional access to an excellent local labor pool.

 

 

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