Hialeah Gardens, FL – (November 5, 2018) – State Street Realty, a Miami based brokerage and advisory firm has leased 90,103 square feet of industrial space to Tricorbraun Inc. at Miami Industrial Logistics Center (MILC) located within the Hialeah Gardens / Medley Industrial submarket. This is one of the largest warehouse lease transactions completed in 2018. As a result, MILC, a 676,835 square foot Class “A” Industrial Business Park at 14802 NW 107 Avenue, Hialeah Gardens, FL, is now currently 83% occupied. 

 

 

State Street Realty and Parvani Commercial Group, two Miami-based brokerage and advisory firms working on behalf of the seller, have closed on the sale of a warehouse property located next to the Miami International Airport. The property, which traded for $7,400,000, totals 46,488 square feet and is well-located at 8975 NW 26 Street in Doral.
State Street Realty Vice President Frank Trelles, SIOR, President George Pino, SIOR, and Associate Brian Cabielles, along with Reshma Parvani, SIOR and Vishal Parvani of Parvani Commercial Group represented the Seller.

 

State Street Realty recently closed 112,000 square feet of industrial and office space lease transactions at Prologis Beacon Centre Industrial Park and Prologis MIA Business Center valued at $5.5 million. The parks are located within the Miami Airport Industrial submarket.

 

State Street Realty recently leased an impressive 92,259 square feet of industrial space at Miami Industrial Logistics Center (MILC) located within the Hialeah Gardens/Medley Industrial submarket.

“With the continued tenant demand for new modern and efficient warehouse space and the positive impact on logistics real estate demand due to the housing market along with the rapid expansion of e-commerce, MILC provides outstanding opportunities for companies to lease state-of-the-art new Class “A” warehouse space in a convenient and central location within Miami-Dade County, commented Trelles. “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 and superb amenities.”

State Street Realty Brokers Close 153,000 SF Warehouse Lease in Doral, FL

State Street Realty has leased 153,292 square feet of industrial space to Cooper General Global Services, Inc. at Prologis Beacon Centre Business Park, located within the Miami-Airport West / Doral submarket.
The deal marks one of the largest warehouse lease transactions completed so far in 2018 within the Miami Airport area.
As a result, Beacon Centre Building 17, a 224,000-square-foot warehouse building within a Class “A” industrial business park at 8501 NW 17 Street is now 100% occupied.
State Street Realty President George Pino, SIOR and Associate Brian Cabielles represented the Landlord, Prologis.

State Street Realty Brokers Recently Close More Than 225,000 SF Of Commercial Real Estate Transactions Valued At $15 Million

 

State Street Realty, a Miami-based brokerage and advisory firm, recently completed more than 225,000 square feet of office and industrial transactions throughout the South Florida area and other cities throughout the US.
State Street Realty President George Pino, SIOR, Executive Vice President Ed Lyden, Frank Trelles, SIOR Vice President and Brian Cabielles, Associate working on behalf of landlord’s, tenant’s and other clients, recently completed over 225,000 square feet of sale and lease transactions.

George Pino named as an expert panelist at the 2018 FIU Spring Real Estate Speaker Series hosted by the Hollo School of Real Estate at Florida International University - College of Business.

 

It was a pleasure and a privilege to be on the panel of industrial real estate professionals at the 2018 FIU Spring Real Estate Speaker Series hosted by the Hollo School of Real Estate at Florida International University - College of Business. It was an excellent educational event to learn about South Florida industrial real estate and share valuable information with current students and alumni interested in pursuing a career in commercial real estate.

 

What You'll Learn at this amazing event?
1) With so many online retailers, how are South Florida's developers keeping up with the demand for industrial space?

2) What do the e-commerce/supply chain and logistics industries look like over the next 5, 10, and 20 years, and what's the impact on South Florida's industrial market?


3) What are the environmental impacts of South Florida's growing e-commerce market? What are SFL's largest e-commerce tenants doing to promote sustainable infrastructure?

4) How are development requirements in sustainability and innovation going to influence the future of the e-commerce/industrial market in SFL?

5) As manufacturing continues to come back to the U.S., how will that impact South Florida's e-commerce market, and how does South Florida sit as a focal point for attracting major e-commerce tenants?

State Street Realty is a 2017 CoStar Power Broker Award Winner in the Miami-Dade County market.

This winning performance places State Street Realty in elite company and is based on the overall transaction volume in 2017 as reported to CoStar and measured against all the active commercial real estate brokers in your market.

As the largest research organization serving commercial real estate, CoStar is pleased to independently confirm and recognize the most active firms and individual dealmakers in the United States each year like State Street Realty.

 

State Street Realty has leased 109,075 square feet of industrial space to Kuehne + Nagel Inc. at Duke Realty’s Miami Industrial Logistics Center (MILC) (click on the property photo on the left to enlarge) located within the Hialeah Gardens/Medley Industrial submarket.  The lease deal represents one of the largest warehouse lease transactions completed in 2018, according to the release.  As a result, MILC Building 3, a 255,846-square-foot building within a Class “A” industrial business park at 10701 NW 140 Street in Hialeah Gardens, which was 40% occupied, is now currently 80% occupied.  MILC 3 is a stand-alone Class “A” industrial building featuring built-to-suit offices; a private non-shared, 120-foot 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 vehicle parking and trailer parking/spotting areas.

State Street Realty Takes Over Leasing for 676,000 SF Miami Industrial Logistics Center in Medley, FL

State Street Realty Exclusively Selected To Lease 676,000 SF Class "A" Industrial Warehouse Park Owned by Duke Realty

State Street Realty Brokers Off To A Strong Start, Closing More Than 100,000 SF Of Transactions