NAI Miami announced that Lucia Custer and Gabriel Garcia-Menocal, SIOR, along with Rick Medinis, SIOR and Mark Miller, SIOR from NAI Robert Lynn from Fort Worth, Texas, negotiated an industrial lease for their client Kintetsu World Express USA, Inc.
The lease was executed at Beacon Centre 1825 Northwest 87th Avenue in Doral. The Landlord is Prologis, represented by George Pino, SIOR, president of State Street Realty.

 

State Street Realty, a Miami-based brokerage and advisory firm, completed a 10,000-square-foot industrial lease at 5201 NW 77 Avenue in Miami, within the Miami-Airport West submarket, on behalf of the tenant, Handicapped Driver Services-Florida.  State Street Realty President George Pino, SIOR and Associate Brian Cabielles represented Handicapped Driver Services-Florida, LLC.

 

 

State Street Realty has renewed the lease with Apple Express Courier for 29,760 square feet of industrial space at Beacon Centre Business Park, located within the Miami-Airport West submarket.  As a result, Beacon Centre Building 2, a 114,682-square-foot building within the Class A industrial business park located at 1715 NW Avenue in Doral, remains 100% occupied.

 

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State Street Realty announced that Vice President Frank Trelles has earned the SIOR designation, awarded by the Society of Industrial and Office REALTORS®.  SIOR is a leading international professional organization of more than 3,000 members in more than 630 cities in 34 countries around the world.

 

State Street Realty Brokers Pino & Lyden Close Large 85,000 SF Warehouse Deal in Doral

State Street Realty has leased 85,424-square-feet of industrial space to Adornus Cabinetry, LLC at Beacon Industrial Business Park, located within the Miami-Airport West submarket. The deal represents one of the largest warehouse lease transactions completed in 2016 within the Miami Airport area, according to a release. As a result, Beacon Industrial Park Building 7 within the Class A industrial business park located at 3200 NW 112 Avenue in Doral is now 100% occupied.

 

 

 

State Street Realty completes over 200,000 SF in commercial real estate transactions.

 

 

 

The South Florida industrial market is seeing occupancy rates at their highest level in nine years, while asking rents increased for the 20th consecutive quarter.

 

 

 

State Street Realty has leased 32,000 square feet of industrial space to Riverdale Farms Inc. at Beacon Centre Business Park, located within the Miami-Airport West submarket. As a result, Beacon Centre Building 4, an 86,000 square foot building within the Class “A” industrial business park at 1401 NW 84 Avenue in Doral remains 100% occupied.
State Street Realty President George Pino, SIOR and Associate Brian Cabielles represented the Landlord, Prologis.

 

 

Cuba has long been thought of as that golden chalice of opportunity just waiting to runneth over into South Florida. First, in post-thaw Cuba, massive amounts of building materials will need to be gathered and distributed to rebuild its crumbling infrastructure. That is likely to be followed by a building boom to accommodate U.S. business travelers and tourists. The future upside of Cuba is simple math: more exports – and eventually imports – means more demand for South Florida warehouse and distribution facilities. “All those supplies are going to flow through South Florida,” says George Pino, president of State Street Realty, a Doral-based commercial real estate brokerage specializing in leasing many of the institutional-quality distribution facilities west of Miami International Airport. “Once it gets going, it is going to be a game changer for industrial in South Florida.”

 

 

State Street Realty has leased 19,900 square feet of industrial space to International Cool Supply at Flagler Station Phase 1 located at 11825 NW 100th Road in Medley.  State Street Realty Vice President Frank Trelles represented the tenant in the deal. 

 

 

State Street Realty, a Miami-based brokerage and advisory firm, closed the sale of a 15,000-square-foot income producing investment property in Doral, located at 3063 NW 107 Avenue.  The transaction is valued at $2.2 million, according to a release.  State Street Realty President George Pino, SIOR, Executive Vice President Ed Lyden and Associate Brian Cabielles represented the Seller, Enhold Real Estate, Inc., in this transaction.

 

 

 

State Street Realty has leased 25,230 square feet of industrial space to Cortex USA, Inc. at Prologis Beacon Centre Park located within the Miami-Airport West submarket. The deal brings Prologis Beacon Centre Building 17, a 224,527 square foot building within the Class “A” industrial business park at 8501 NW 17 Street in Doral, to 100% occupied.

 

 

If Miami remains largely a transshipment point, it would mean a brisk turnaround for incoming cargo with quick reload onto departing ships with little need for local storage. "The widening of the Panama Canal is going to be positive for industrial real estate and will encourage industrial developers to build new, modern and efficient warehouses," State Street Realty president George Pino said. "But I'm not one of those guys who thinks it's going to be a game changer."

 

 

 

State Street Realty has leased 15,420 square feet of industrial space to Crystal Hosiery, Inc. at Beacon Centre Business Park located within the Miami-Airport West submarket. As a result, Beacon Centre Building 6, a 98,000 square foot building within the Class “A” industrial business park at 1850 NW 84 Avenue in Doral, is 100% occupied.
State Street Realty President George Pino, SIOR and Associate Brian Cabielles represented the Landlord, Prologis.

 

 

 

“Demand is reaching a decade-long high particularly in the Miami Airport and Medley submarkets,” says George Pino, president of State Street Realty who represented Prologis tells GlobSt.com. “Vacancy rate for industrial space is approximately 5% which is the lowest in eight years.”  “Miami Airport and Medley have experienced very strong space absorption and I expect this to continue in 2016,” Pino says. “I am seeing strong leasing activity and demand for new class A industrial product. In 2016, I expect the development pipeline to remain at or below demand levels, which will lead to a continuing decline of vacancy rates.”  “In 2016, I forecast that the Miami industrial market will continue to experience strong demand and absorption and continue to exceed the pace of new development deliveries,” Pino says. “Rent growth will continue at a moderate pace and asking rental rates will reach new peaks.”

 

State Street Realty has leased 25,600 square feet of industrial space to Maxfreight International Logistics of Florida at Prologis Beacon Industrial Park, located within the Miami-Airport West submarket at 11014 NW 33 Street in Doral,
The deal brings Building 6 at the park, which totals 77,000 square feet, to 100% occupied.

 

 

As vacancies continue to drop in South Florida’s real estate markets, landlords are inking noteworthy deals seemingly every week. Check out a roundup of some of the region’s biggest leases after the jump.  Prologis, the country’s largest industrial real estate owner, just signed on a new tenant at its Pompano Center business park in Pompano Beach.
The company granted a 18,365-square-foot lease in Building 4 to the Super Restoration Service Co., a repair company that fixes everything from mold damage to fallout from a property fire.  Super Restoration was represented by Frank Trelles and George Pino of State Street Realty.

 

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State Street Realty has leased 18,365 square feet of industrial space to Super Restoration Service Company at Prologis Pompano Center Building 4, located at 1780 NW 15 Avenue in Pompano Beach. State Street Realty Vice President Frank Trelles and President George Pino, SIOR represented the Tenant, Super Restoration Service Company.

 

 

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Miami Today - State Street Realty Honored as 2016 Industrial Broker of the Year in South Florida by NAIOP South Florida. 

State Street Realty was named a finalist for the following categories:

1) Industrial Sale of the Year - AFCEE (120,000 SF - $11 million)

2) Industrial Lease of the Year - Cooper General (130,000 SF)

3) Rookie Broker of the Year - Brian Cabielles

4) Broker Team of the Year - Ed Lyden & George Pino, SIOR

 

  

 

State Street Realty has announced that Frank Trelles has joined the firm as a Vice President.  As a Vice President, Trelles will be responsible for new business development, investment sales, tenant and landlord representation and market research.  Trelles has been a top-producer in the South Florida commercial real estate market for the last 10 years. Trelles is dedicated to helping people sell, buy or lease commercial properties. Throughout the years, he has developed a talent for identifying trends and anticipating the market, which allows him to match his clients with the investment that best suits them. By helping clients to grow their businesses and get excellent returns on their commercial real estate investments, Frank continues to build strong, long-lasting relationships in the industry. Trelles has closed over $500 million dollars in commercial transactions in his career. Because of his great success, Frank has been honored as a Power Broker by Costar. This prestigious award is only given to the top commercial brokers in the country. Frank joins State Street Realty from Cornerstone International Realty, where he most recently served as Executive Vice President. Previously, he was a Senior Associate at Westvest Associates.

 

 

The development site of NBCUniversal Telemundo’s global headquarters has traded hands, and the new owner closed on a $185 million loan for the 37-acre property.  Miami-Dade County records show that Prologis sold an undeveloped portion of the Beacon Lakes Industrial Park, which is west of the Florida Turnpike along Northwest 25th Street in Miami. The buyer, SunTrust Equity Funding, closed on a $184.99 million mortgage for the land, which it is leasing to Telemundo. Wells Fargo is the lender.  On Tuesday, NBCUniversal Telemundo Enterprises will break ground on a new headquarters, according to a press release. A spokesperson for the groundbreaking could not be reached for more information, but in December, Prologis filed plans with the county to add industrial buildings to its Beacon Lakes project, expanding the 436-acre site to 482 acres. That includes plans for two buildings that would serve as Telemundo’s new studios, the South Florida Business Journal reported.  The SunTrust affiliate paid just more than $22 million for the land, records show. The financing includes a 4.24 percent interest rate.

 

Web
Article Link:  http://www.miamiherald.com/news/business/article59274258.html

 

 

Aerothrust Holdings is the largest independent jet engine maintenance, repair and overhaul facility in the U.S., according to its website.  Aerothrust Holdings, which is independently owned and operated, was represented by Ed Lyden and Brian Cabielles of State Street Realty.

 

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State Street Realty Brokers Close 17,600 SF Warehouse Deal In Miami To Bring Prologis Beacon Industrial Park to 100% Occupancy!

State Street Realty Named Top Firm for Industrial & Office Leasing in South Florida.

 

State Street Realty, a Miami based brokerage and advisory firm, recently closed over 275,000 square feet of office and industrial lease and sale transactions valued over $10,000,000 as the Miami commercial real estate market continues to strengthen.  On the heels of a very strong and productive 2015 in which State Street Realty completed over 1,800,000 square feet in transactions valued over $100 million, President George Pino SIOR looks forward to a great year ahead.

“We enter 2016 with record occupancy levels, rental rates on the rise and substantial office and industrial requirements within Miami-Dade specifically the Miami Airport Submarket. The Miami Airport submarket is hot right now and we are, without doubt, in a Landlord’s market. Discussions with our customers support that the growth of e-commerce will continue to drive demand particularly for well-located distribution and fulfillment warehouse space in major gateway markets such as the Miami Airport area. E-commerce is changing how and where industrial real estate is built. In addition, domestic and international investors still consider Miami-Dade as a top-tier market for investment purposes, specifically NNN income-producing properties.”

 

George Pino, SIOR, RPA of State Street Realty represented the tenant, HD Supply Construction Services, while Marc Napolitano, CCIM, with Napolitano Commercial Properties represented the Landlord in a long-term lease securing an industrial dock-high building within Sunshine State International Park, a 330-acre business park with more than 5 million square feet of industrial and warehouse space, located at the intersection of the Golden Glades Interchange in North Miami Dade County.

 

Miami-Dade County Commissioners - Congratulate Frank Trelles for Joining State Street Realty As Vice President.

NAIOP 2016 Commercial Real Estate Awards of Excellence - State Street Realty Named a Finalist for 5 Categories!

 

NAIOP South Florida presents various annual awards to companies, individuals and chapters who have demonstrated exemplary efforts in the Commercial Real Estate industry.  In 2016, State Street Realty accomplished a very impressive feat by being named a finalist for the following categories:

 

1) Industrial Lease Transaction of the Year

2) Industrial Sale of the Year

3) Industrial Broker of the Year

4) Team Broker of the Year

5) Rookie Broker of the Year

 

 

WEB ARTICLE
LINK:   http://cdn.trustedpartner.com/docs/library/NAIOPSouthFloridaChapter2013/2016%20finalists.pdf

 

           

 

State Street Realty, a Miami based brokerage and advisory firm, participated in the sale of an industrial warehouse in Homestead.  The transaction is valued at $10.93 million, one of the largest commercial real estate transactions in the South Miami-Dade County area this year.  George Pino, SIOR, president of State Street Realty, along with his colleagues Ed Lyden and Brian Cabielles represented the Buyer, AFCEE LLC, in the transaction.  The Buyer will utilize the property as a beverage distribution center to support its growing space needs for its distribution business. The industrial building property is approximately 127,000 square feet situated on 10 acres of land, located at 1000 Park of Commerce Boulevard.
Pino stated, “It is an honor to be involved in an important transaction of this magnitude. This transaction demonstrates that industrial real estate conditions in Miami are robust and there continues to be a strong appetite for many first-rate companies to conduct and expand their business within Miami-Dade County.”

 

Orange Bowl Committee - George Pino Recognized As Commercial Broker of the Year in South Florida!

 

 

Frank Trelles has joined State Street Realty, a Miami-based brokerage and advisory firm, as a vice president. He most recently was executive vice president at Cornerstone International Realty. 

 

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State of Florida - Governor Rick Scott Acknowledges George Pino as a Top 100 Power Leader in the South Florida Business Community.

 

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BISNOW - Miami Industrial Market Hottest In Years!! 

The fishing's good in local waters. Just ask State Street Realty president George Pino, snapped here with a 45-pound mahi mahi, friends and family. He also tells us that the MIA submarket's as strong as he's seen it in over eight years. Strong demand for both office and industrial space in the MIA submarket has rents on the rise and vacancies going down, George notes. Overseas investors are still eager to be here as well, never mind the exchange rate. They're acquiring income-producing properties in the $1M to $30M range in South Florida, "more so than at any time during my 23-year career,” he says.

 

 

State Street Realty's Brian Cabielles Named Emerging Leader by Real Estate Forum Magazine

 

Initiative and a willingness to work hard are two traits necessary to be an emerging leader in industrial real estate. A track record of success and giving back are two more. Real Estate Forum has compiled a list of 20 young professionals in the industrial arena who demonstrate that they have the right stuff to be leaders in the industry.

  

 

"Strong demand in the Miami Airport Submarket for both office and industrial space have rental rates on the rise and property vacancy rates going down. Also, foreign investors are having a significant impact in the acquisition of income-producing properties in the $1 million to $30 million range in the South Florida area."

Pino also says, "South Florida is one of the nation's hottest markets for industrial development with over 3 million square feet under construction; South Florida is among the Top 3 markets desired by institutional investors for industrial projects."

 

 

Dealmakers: George Pino, Ed Lyden and Brian Cabielles
The Deal: The team from Doral-based State Street Realty represented AFCEE LLC on its $10.93 million purchase of an industrial asset in Homestead.
Details: Their deal was one of the largest commercial real estate transactions in southern Miami-Dade County this year. It brought in more than $86 per square foot for the 20-year-old industrial complex with two buildings, office space, warehouse facilities, cold storage, onsite fueling station and 124 parking spaces.