Deal Brings Building To 100% Occupied-After Only 120 Days On Market

Transwestern’s South Florida office is pleased to announce that Pas Cargo, a leading provider of comprehensive transportation management solutions to the Caribbean and other areas, has signed a new long-term lease for 85,000 square feet at Doral Logistics Center, located at 2900 NW 112th Ave in Doral. This transaction brings Doral Logistics Center to 100 percent occupancy.
“The fast pace at which we were able to successfully lease this building – a mere 120 days on the market – is a testament to the strength of the Doral / Airport West market and the recovery of international trade,” said Mr. Kresse. “Both of the building’s tenants, Pas Cargo and Wholesale Group, experienced significant growth and relocated within Doral to accommodate long-term business needs.”  Wholesale Group signed on for 88,000 square feet in July, 2011– after only 60 days on market.
Doubling its space requirements and relocating within Doral to accommodate growth, this transaction represents more positive absorption for the Doral submarket.
Doral Logistics Center is a 174,024 square foot Class ‘A’ industrial building located in Airport West, owned by Seagis Property Group and represented by Walter Byrd, Managing Director, Ben Eisenberg, Managing Director, and Thomas Kresse, Senior Vice President with Transwestern. The tenant was attracted to the building due to its location, size, fenced truck courtyard, office square footage and a comfort level with solid Institutional Ownership.
Seagis Property Group LP is a leading owner of industrial real estate in the Eastern United States. Founded in March 2005, Seagis currently owns 126 buildings totaling 8.5 million square feet with a particular focus on the markets of South Florida, New Jersey, and the New York Metro area.