GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 7,440 SF Class "A" warehouse space located @ Prologis Beacon Centre (1607 NW 84 Avenue) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction. Smith Associates Inc. represented the Tenant in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Call us to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by completing an 1,336 SF office lease at the Village @ Beacon Centre Village (8323 NW 12 Street) within the Miami Airport / Doral submarket.

State Street Realty represented both the Landlord and the Tenant in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Call us to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Ed Lyden, SIOR close another deal by completing a 1,809 SF office lease at Westside Plaza (8400 NW 33 Street) within the Miami Airport / Doral submarket.

State Street Realty represented both the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Call us to take the first steps to find a new commercial property or bring the most value for your property.

GETTING BIG DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR, Ed Lyden, SIOR and Brian Cabielles close another lease renewal transaction for 81,800 square feet of Class "A" warehouse space located @ Prologis International Corporate Park (10300 NW 19 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction. Avison Young represented the Tenant in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 1,573 square foot Class "A" flex warehouse space located @ Transal Business Park (8200 NW 27 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

DemeTech bought a warehouse in Miami Lakes for $15 million to help ramp up its manufacturing of personal protective equipment (PPE).

The 156,000-square-foot industrial building at 5980 Miami Lakes Drive was sold by 5980 Miami Lakes Drive LLC, an affiliate of men’s fashion company Isaco International. The price equated to $96 per square foot.

Frank Trelles, of State Street Realty, represented DemeTech in the deal. The seller was represented by Gabriel Garcia-Menocal and Lucia Custer of NAI Miami and Sybil Benazera of Corporate Realty Solutions.

The warehouse was built on the 7.8-acre site in 1988. It last traded for $9.3 million in 2004.

DemeTech VP Luis Arguello Jr. said this warehouse will be the company’s fourth location. After hiring 500 people this year, the company aims to hire another 500 to 700 employees as it expands PPE manufacturing.

As Arguello said in a recent interview with the Business Journal, Doral-based DemeTech is the only manufacturer of medical masks, including N95 masks, in Florida. Originally founded to make medical devices, DemeTech pivoted toward PPE soon after the Covid-19 pandemic started. As positive cases reach record levels across the United States, demand for PPE remains strong.

State Street Realty said part of the new warehouse will be converted into a sterile production room for PPE.

GIVING BACK IS SO IMPORTANT || State Street Realty is a very proud Tee Sponsor of the 2020 Mike Sena Memorial Golf Classic. The Mike Sena Memorial Foundation will benefit organizations whose stated clear mission is "To raise awareness about Alzheimer's, to provide substantive assistance, comprehensive support and education to all families in-need suffering from the horrific consequences resulting from Alzheimer's".

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by renewing a 6,767 SF office lease at the Village @ Beacon Centre Village (8323 NW 12 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by renewing a 12,800 SF lease at an Class "A" warehouse space located @ Prologis Beacon Industrial Park (11013 NW 30 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property. 

State Street Realty recently completed over twenty (20) warehouse and office lease and sale transactions totaling over 610,000 square feet with a value of over $31,000,000. These commercial real estate transactions were all completed throughout the South Florida area.

GETTING DEALS DONE!! STATE STREET REALTY Brokers Frank Trelles, SIOR and Jason Gonzalez close another deal by selling a 12,254 square foot warehouse located @ Banyan Industrial Park (10851 NW 122 Street) within the Medley, FL submarket.

State Street Realty represented both the Seller and the Buyer in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 3,655 square foot Class "A" flex warehouse space located @ Transal Business Park (8280 NW 27 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by renewing a 37,116 SF lease at an Class "A" flex warehouse space located @ Prologis Beacon Centre (8401 NW 17 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction. Blanca Commercial represented the Tenant.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 7,940 square foot Class "A" warehouse space located @ Prologis Beacon Centre (1606 NW 84 Avenue) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 6,400 square foot Class "A" warehouse space located @ Prologis Beacon Industrial Park (10913 NW 30 Street) within the Miami Airport / Doral submarket.

State Street Realty represented the Landlord in this transaction.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

GETTING DEALS DONE!! | STATE STREET REALTY Brokers Brian Cabielles and George Pino, SIOR close another transaction by leasing a prime 14,384 square foot warehouse space located @ Prologis Beacon Centre (2001-2023 NW 84 Avenue) within the Miami Airport West / Doral submarket. State Street Realty is proud to announce that this 106,124 square foot Class "A" industrial warehouse building is currently 100% leased.

If you need to buy, rent or sell warehouse or office space, please call State Street Realty @ 786-402-7387 for all of your commercial real estate needs. Come visit us at our convenient Doral office location today @ 8319 NW 12 Street to take the first steps to find a new commercial property or bring the most value for your property.

State Street Realty represented the Landlord in this transaction.

GETTING DEALS DONE!! | STATE STREET REALTY Brokers George Pino, SIOR, Ed Lyden, SIOR and Brian Cabielles recently closed another important transaction by leasing an 48,715 square foot warehouse space located @ Prologis International Corporate Park (10300 NW 19 Street) within the Miami Airport West / Doral submarket. As a result, this 247,800 square foot prime industrial building adjacent to Miami International Airport is now 100% leased.

During these challenging times, our Brokerage Team remains positive and are powering forward to get deals done for all of our clients. Long-term trends like automation, reshoring of manufacturing and online ordering is driving demand for industrial space and will help foster a bright future for industrial real estate.

State Street Realty represented the Landlord and Colliers represented the Tenant in this transaction.

DiGiacomo Group Senior Commercial Associate Patricia Marquez, along with State Street Realty President George Pino, SIOR negotiated a lease deal to bring trial law firm Abraham & Agnoli to Doral from Coral Gables.

A Safe Bet: South Florida’s industrial market could boom after pandemic. Commercial Real Estate Experts believe that e-commerce will take off due to coronavirus. Across South Florida, industrial has been one of the hottest asset classes.

The industry experts are seeing a growing demand for cold storage warehouses with technology that allows for automation, resulting in fewer employees working closely together.

In addition, overall warehouse inventories may increase by 5 - 10 percent to combat the possibility of future shortages and also expect more manufacturing to come to the United States from overseas bolstering the demand for industrial space.

State Street Realty's President George Pino provides valuable insight to the State of the Commercial Real Estate Industry article for the Spring 2020 edition of the SIOR Report ( www.sior.com ) magazine. This comprehensive article includes important market trends and analysis regarding the commercial real estate industry.

State Street Realty announced that Jason Gonzalez has joined the firm as a Commercial Sales & Leasing Associate.

The new hire comes as the firm continues to operate as one of the most active commercial real estate firms in South Florida. In 2019, the firm completed over 1,700,000 square feet in commercial real estate transactions valued over $180 million. The team’s growth will allow State Street Realty to continue to expand and enhance its advisory services in landlord representation, tenant representation, land sales and investment sales.

As a Commercial Sales & Leasing Associate, Gonzalez will be responsible for new business development, investment sales, landlord representation, market research and a primary focus on tenant representation.

The federal government is reaching out to commercial property owners and brokers to lease empty warehouse space for temporary triage centers, as the number of confirmed coronavirus cases nationwide continues to grow.

As a Commercial Sales and Leasing Associate, Mr. Gonzalez is responsible for business development, tenant and landlord representation and market research.

He also assists and trains with the firm’s Vice President, Frank Trelles, SIOR, on various leasing and sales assignments.

GETTING DEALS DONE!!

STATE STREET REALTY Broker Frank Trelles, SIOR closes another deal by leasing a 34,000 square foot freezer/cooler warehouse space located @ Flagler Station Business Park (10800 NW 103 Street) within the Medley submarket.

State Street Realty recently completed numerous warehouse and office lease transactions totaling over 105,000 square feet with a value of over $8,000,000. These commercial real estate transactions were all completed throughout the South Florida area.

Spotify inks lease for South Florida headquarters in Miami’s Wynwood
Spotify will take 20K sf at the Oasis in Wynwood
TRD MIAMI /
February 27, 2020 02:43 PM
By Katherine Kallergis

Spotify signed a lease in Wynwood for its South Florida headquarters, The Real Deal has learned.
The music streaming company has been looking for office space in the Wynwood, Brickell and downtown Miami submarkets for months, sources said. Spotify will be taking all of the 20,000 square feet of office space at the Oasis in Wynwood, a mixed-use adaptive reuse project under construction at 2335 North Miami Avenue.
The digital music service is joining other tenants such as LiveNation and WeWork in Wynwood, a neighborhood that is rapidly changing to include new office buildings, apartment complexes and hotels. Apple and Google have also reportedly been scouting for office space in Wynwood.
In September, LiveNation announced its nearly 8,000-square-foot lease at the Wynwood Annex, an office building that was developed by East End Capital and The Related Group. WeWork opened in a 32,000-square-foot space at the Wynwood Garage, a Goldman Properties project, at 360 Northwest 27th Street.
Still, the Wynwood office market is in its infancy stages, said George Pino, president of State Street Realty. A number of technology, marketing and advertising companies are looking for new spaces “in a neighborhood where their employees can really eat, work, live and do activities,” he said. Rents in the neighborhood are in the high $50s per square foot.
“More and more, tenants are prioritizing their office location with respect to amenities,” Pino added.
Carpe Real Estate Partners, led by David Weitz and Erik Rutter, is the developer of the Oasis. The firm is redeveloping four warehouses and a courtyard into the Oasis, a project with about 17,000 square feet of retail space and a 35,000-square-foot amenitized courtyard, plus a rooftop deck. The courtyard was a selling point for Spotify, according to sources.
The courtyard will have a stage, outdoor bar, food hall and a 75-foot-tall tower with rotating art installations, according to a press release. The Oasis is expected to open later this year.
Zach Winkler of JLL is handling retail leasing and Brian Gale of Cushman & Wakefield is handling office leasing. Gale and Andrew Trench of Cushman represented Carpe Real Estate Partners in the lease, while JLL represented Spotify.
Property records show Carpe Real Estate Partners paid $14 million for the 1.65-acre site in March 2018.
The company financed the acquisition and construction with a $10 million loan from Iberia Bank. The property could eventually be redeveloped into buildings with eight and 12 stories, between 400,000 square feet and 600,000 square feet.

GETTING DEALS DONE!!

STATE STREET REALTY Brokers George Pino, SIOR and Brian Cabielles close another deal by leasing a 40,000 square foot Class "A" warehouse space located @ Prologis Blue Lagoon Business Park near the Miami Internantional Airport.

State Street Realty represented the Landlord in this transaction. 

Congratulations to the STATE STREET REALTY Team for being named a Finalist for the 2020 Commercial Real Estate Awards of Excellence!

Our Team is very humbled and honored to be named a finalist in an impressive THREE (3) categories: 1) Industrial Lease Transaction of the Year; 2) Broker Team of the Year for Industrial (E. Lyden/F. Trelles/B. Cabielles/G. Pino); 3) Broker of the Year (G. Pino).

NAIOP South Florida, the Commercial Real Estate Development Association, recognizes the individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefited the regional business environment and facilitated economic growth in South Florida. 

A multinational company is helping to alleviate the labor shortages plaguing South Florida’s industrial market by going back to high school.

But one multinational company saw the potential to nurture a local workforce to meet the field’s increasing demand.

Prologis, a San Francisco-based real estate logistics and supply chain company, funded the four-year Global Logistics and Supply Chain Technology program at Miami Springs Senior High School. It partnered with Miami-Dade County Public Schools to convert a wood shop on campus into a fully-equipped warehouse space and instructional lab. 

COSTAR Names State Street Realty As Top South Florida Brokerage Firm.  State Street Realty brokers led by George Pino, SIOR recognized for completing the most commercial real estate transactions in South Florida!

State Street Realty promoted Brian Cabielles to senior associate. Cabielles has worked on State Street Realty’s commercial advisory team, which includes the firm’s president George Pino, Ed Lyden and Frank Trelles, for five years.

State Street Realty, a Miami-based brokerage and advisory firm, announced the promotion of Brian Cabielles to Senior Associate.

This announcement comes on the heels of Cabielles’ contributions to the continued success of the firm’s commercial brokerage team in representing office and industrial users in the market and facilitating and closing numerous leasing and sale transactions on behalf of major institutional owners and investors.

For over the past 5 years, Cabielles has been a member of the leading commercial real estate advisory team in the South Florida market that includes President George Pino, SIOR, Executive VP Ed Lyden, SIOR and Vice President Frank Trelles, SIOR.

Ronald McDonald House Charities of South Florida celebrated an alumni reunion of 12 Good Men award recipients at a special cocktail reception at Caffe Abbracci in Coral Gables. The meet and greet with fellow past honorees was hosted by fellow former honorees Nino Pernetti, Frank Rubino, Don Slesnick and Robert Elias. The 28th Annual Twelve Good Men Luncheon will take place April 23, 2020 at Coral Gables Country Club. For more information visit www.rmhcsouthflorida.org