Miami International Freight Solutions has signed a 7.5 year lease for 190,707-square-foot at the Terreno Miami Lakes Distribution Center, located at 141000 NW 60th Avenue, closing one of the biggest industrial deals of 2011.
Miami International Freight Solutions is scheduled to move into the space in March.
The warehouse, which sits on 13.2 acres, is undergoing renovations, which is one of the reasons the new tenant chose to relocate there, said landlord representative Carlos Velasquez, senior director with Vivo Real Estate Group.
“This space, in particular, represents forward-thinking on the part of the landlord,” Velasquez said. “Terreno had the foresight to purchase and refurbish the building, fully appreciating its potential.”
Miami International Freight Solutions had been located at Centergate in Gratigny in Hialeah. The company’s exit from Centergate made way for the leasing of 475,000 square feet of space to international promotional products company Bullet Line.
Also representing the landlord in the Miami International Freight deal was Vivo Real Estate Group President Rene Vivo. Wayne Ramoski, executive director with Cushman & Wakefield Industrial Brokerage Services, represented the tenant.
Terreno-owned properties have seen significant interest in recent months, including a 166,000 square foot Miami Lakes deal and a 302,000 square foot deal at its industrial building in Hialeah. Both deals closed last month.
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