JLL Tapped To Lease New Class A Industrial Development
The four-building development is expected to break ground this September.
The four-building development is expected to break ground this September.
The lease was facilitated by NAI Miami | Fort Lauderdale’s, Edward Schmidt, SIOR, CCIM,; Gabriel Garcia-Menocal, SIOR,; and Lucia Custer; alongside Solaris Real Group.
Hialeah has seen an industrial boom in recent years with 30 million square feet of warehouses and manufacturing plants boasting a vacancy rate of only 1.7 percent, which ranks the lowest amongst the Miami-area submarkets.
Sebastian Juncadella and Jose Juncadella of Fairchild Partners are marketing the project for lease on behalf of Seagis, which expects to deliver the property by the end of the year.
Cresa Miami’s Jeff Hartsook and Adam Talbot represented OnBoard Logistics USA in the transaction. Vivo Real Estate’s Raul Estrada, Carlos Velasquez, Raydel Enriquez represented the landlord, SFLC Industrial Owner.
His recent transactions include representing Terreno Realty Corporation in the off-market purchase of a 6.72-acre industrial site in Medley for $20 million and subsequently negotiating a 10-year lease for the full facility with a national credit tenant on behalf of Terreno.
Anticipated to be completed in June 2024, this new roadway will significantly improve accessibility across the city and provide direct access to Bridge Industrial’s newest state-of-the-art South Florida logistics park: Bridge Point Doral.
The deals are valued at over $22 million.
This milestone marks the continuation of Phase IV, a 121-acre site within Countyline Corporate Park that can accommodate up to 2.2 MSF at full build out.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
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