State Street Realty closed over 300,000 square feet of office and industrial sale and lease transactions valued over $16,500,000 in the past 60 days.
State Street Realty President George Pino, SIOR, RPA, Executive Vice President Ed Lyden, Associate Brian Cabielles and Leasing Associate Ana Lopez working on behalf of Landlord’s Prologis and various other clients completed these transactions together in March and April of 2015.
According to Pino, “In the Miami Airport/Doral area, vacancy continues to decline and rental rates continue to increase. We are definitely in a Landlord’s market right now. Many companies are expanding and more large industrial tenants are looking for space typically in the industry sectors of contract logistics, e-commerce, construction, aviation, flower distribution, produce, technology and freight-forwarding. Also, it is important to note that industrial land supply in the Miami Airport area is constrained as other uses such as mixed-use residential communities are taking priority over once planned industrial parks. All of these dynamics are being fueled by Miami’s global brand as a top international city to conduct business.”
Pino, Cabielles and Lyden represented the landlord in each of the following deals:
- Ramcom International Corp. leased 31,252 square feet of industrial warehouse space at Prologis Beacon Centre.
- Innoco Technology Group leased 15,880 square feet of industrial warehouse space at Prologis Beacon Centre. Prologis and Reshma and Vishal Parvani of Parvani Group represented the Tenant.
- Panther Sourcing Group leased 12,552 square feet of industrial warehouse space at Prologis Beacon Centre. Vivian Rezende of Keyes Company
represented the Tenant.
- UTC Overseas leased 2,579 square feet of office space at Westside Office Plaza. Adriana Rosillo of Pointe Group represented the Tenant.
