State Street Realty Completes More Than 350,000 SF In Deals In 60 Days

State Street Realty had a very active April and May, closing over 350,000 square feet of office and industrial sale and lease transactions in the Miami Airport submarket.
The transactions are valued at over $14,000,000.
State Street Realty President George Pino, SIOR, RPA, Senior Vice President Ed Lyden and Senior Associate Jesus Cortes working on behalf of Landlord’s Prologis and various other clients completed the transactions together in the past 60 days.
According to President, George Pino, SIOR, “leasing activity in Miami’s West-Dade industrial market remains positive and in general the industrial sector continues to improve, even as new challenges present themselves.  Also, we continue to see strong interest from institutional and foreign investors to acquire high-end commercial real estate in Miami.  This is partly due to Miami’s inherent supply constraint, industrial demand spurring cargo flow through Miami’s warehouses and increasing rents which provide an attractive value-add opportunity to investors.”
Noteworthy deals that State Street Realty closed in April and May 2013 include:

• KGL America, Inc. leased 31,975 square feet of industrial warehouse space at Prologis Beacon Centre.  George Pino, SIOR and Ed Lyden represented the Landlord, Prologis.  Gabriel Garcia-Menocal, SIOR of NAI Miami represented the Tenant.
• Tigers USA Global Logistics renewed its lease for 44,800 square feet of industrial warehouse space at Prologis Beacon Industrial Park.  George Pino, SIOR and Ed Lyden represented the Landlord, Prologis. Audley Bosch of Cushman & Wakefield represented the Tenant.
• Triton Logistics leased 20,105 square feet of industrial warehouse space at Prologis Beacon Lakes.  Jesus Cortes, Ed Lyden and George Pino, SIOR represented the Landlord, Prologis. Luis Marquez of Casal Group represented the Tenant.
• Image Photo renewed its lease for 29,218 square feet of industrial warehouse space at Prologis Beacon Centre.  George Pino, SIOR and Ed Lyden represented the Landlord, Prologis.  Erik Padilla of Newmark Grubb Knight Frank represented the Tenant.