Newmark Completes 40,000-SF Industrial Lease For Manufacturing Complex In Miami Lakes

Oct 28, 2020 No Comments by

Newmark announced a 40,000-square-foot lease for Avanti Nutritional Laboratories at Palms Corporate Centre owned by Link Logistics Real Estate.

Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda along with Associate John Mejia represented both the landlord and tenant in the transaction.

Avanti Nutritional Laboratories is an organization that specializes in the manufacturing of supplements, vitamins and other products internationally. The tenant was subleasing the building before the transaction and has now entered a long-term, direct lease with Link Logistics Real Estate.

 

“The recent events surrounding the disruption caused by the pandemic further reinforces the strength of the local industrial market and the need for quality industrial assets,” said Medwin. “The Palms Corporate Centre location and specific improvements within the subject building proved valuable to Avanti Nutritional Labs’ continued growth.”

According to Newmark Research, South Florida is on pace to exceed the record-setting 8 million square feet of midsize to large lease deals recorded in the previous two years.

Palms Corporate Centre is located at 14740 NW 60th Avenue in Miami Lakes. The 16-acre site, which spans 257,615 square feet, features six 40,000-square-foot buildings and one 11,500-square-foot building.

Link Logistics Real Estate is Blackstone’s U.S. industrial real estate operating platform. Link currently manages a national portfolio of high-quality, well-located industrial assets totaling more than 400 million square feet throughout the U.S.

 

 

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