The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Xipron, Inc. d.b.a. Tiendamia in its Industrial lease at 8404 NW 90th Street in Medley. Tiendamia signed a long-term lease for approximately 32,670 square feet in the recently completed Building 11 which fronts NW 90th Street.
Devin White and David Albert with CBRE represented First Industrial in this transaction.
Upon completion, First Park Miami will have ±13 Class A industrial distribution buildings containing a total of ±2.5 million square feet.
Tiendamia operates out of Miami and currently delivers over 1 billion products to approximately 400 million customers in five countries, Argentina, Brazil, Chile, Peru and Uruguay. Tiendamia is the main cross border e-commerce site in LATAM.
“This is a very good situation for Tiendamia as they currently occupy 20,000 square foot space less than a mile away in a Class C warehouse project and because of First Park’s proximity to their current location, there is great synergy for employee retention,” commented Conte. “Furthermore, this transition to larger, more efficient, and prestigious space sets the stage for Tiendamia’s rapid growth which should be able to be accommodated at First Park Miami. This long-term lease agreement brings Building 11 to 100% occupancy.”
“All parties were very focused and responsive in getting this deal finalized,” stated Chris Willson, Market Leader for First Industrial. “Everybody in the transaction provided great expertise and are true professionals.”
Paul Mustelier, COO for Tiendamia stated, “This new location will enable us to better serve and grow the network of countries and customers that we serve. I’m looking forward to continuing to implement our plan & vision for growth.”
“A special thanks goes to Ed Lyden, SIOR formerly with State Street Realty, in helping us navigate the fast paced and complexities of the Miami industrial real estate market,” added Conte. “His contributions and insights proved to be very valuable to Tiendamia. “
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