Idea Ceramica Inks 40,000 SF Lease

Newmark Grubb Knight Frank director Erick Padilla represented Idea Ceramica USA, an importer of ceramic and porcelain tile and a subsidiary of Idea Ceramica based in Finale Emilia, Italy, in the lease of 40,000 square feet of industrial space in the Hialeah submarket from G&G Real Estate Investments, LLC.
Located close to the Port of Miami and Miami International Airport, the building at 1350 NW 74^th St. will accommodate Idea Ceramica’s business expansion. The property offers ample warehouse space and is equipped with loading doors, a ramp and a 2,000-square-foot office/showroom. The company is moving from space it currently occupies in the Doral submarket, at 8371 Northwest 64th Street.
“Idea Ceramica needed space to grow and after a thorough market review, they decided to take advantage of Hialeah’s very competitive lease rates,” Padilla said. “This yielded two very positive results – a 40 percent increase in square footage for the company’s expanding operations and a significant reduction in fixed real estate costs.”
The landlord was represented by Ted Konigsberg of Infinity Commercial Real Estate.