Floral Distributor Inks 93,000 SF Lease

Dec 07, 2016 No Comments by

Transwestern’s South Florida industrial team has facilitated a long-term, 93,000-square-foot lease with Colour Republic,  a flower distributor, at Westpointe Business Park, a 285,000-square-foot, Class A business park at 8901 NW 33rd St. in Doral, according to a release.

Transwestern’s Senior Vice President Thomas Kresse, Senior Managing Directors Ben Eisenberg and Walter Byrd, and Senior Associate Carlos Gaviria represented New York-based investment manager Clarion Partners in the transaction. Clarion is acting on behalf of a commingled fund managed by the firm.

 

“Colour Republic chose Westpointe Business Park due to its central location in Doral, the functionality and efficiencies of a freestanding building and the existing improvements in the warehouse that suits its business needs,” said Kresse.

Recent research by Transwestern states the Miami Airport submarket consists of 68.2 million square feet of industrial space with 4.2 percent direct vacancy at the close of third quarter 2016. Quarterly demand was strongest in the Airport and Medley submarkets, continuing to tighten the Airport submarket and further limiting the availability of high-quality large blocks of space.

Colour Republic was represented by Carlos Velasquez and Tommy Gil of Vivo Real Estate Group Inc.

 

 

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