Casal Group Brokers Five Year, 21,000 SF Lease For National Paper Company

Casal Group recently brokered the five-year lease of a 21,160 square foot Doral industrial building located at 10400 NW 21 Street.
The tenant, Southern Paper LLC, leased the space from Prologis.
Southern Paper, a subsidiary of Gould Paper, is a nationwide supplier of quality products, services, and supplies to the pulp and paper industry. After the landlord completes the division of the warehouse and office portions, Southern Paper will take occupancy on January 1, 2014.
Brokering agent and director at Casal Group Luis Marquez attributes the transaction to a less than 5% vacancy factor within 20,000 to 30,000 square-foot spaces in the Doral market.
“Although we are seeing increased inventory as tenants relocate and new construction is being delivered, supply remains low for these size ranges,” said Marquez.  “New developments set to be delivered in the fourth-quarter and 2014 should help meet longer-term demand.”