JLL has completed a 324,000-square-foot lease transaction with existing tenant, Floor and Decor Outlets of America, Inc. at Countyline Business Center in Miramar, representing the largest industrial lease signed in South Florida so far this year.
JLL’s Managing Director Steven Medwin SIOR, CCIM, Nick Wigoda, Senior Vice President, and Matt Maciag, Associate, completed the transaction on behalf of the property’s owner, IndCor Properties, which owns and operates a platform of premier industrial properties in key logistics markets. The tenant was represented by CBRE.
Located in the southwest Broward industrial submarket, the class A property consists of 545,000 square feet of warehouse, light manufacturing, and office space. The deal represents a renewal of 183,000 square feet and an expansion of an additional 140,000 square feet within the building.
“Our JLL team worked closely with IndCor Properties and Floor & Decor to accommodate the tenant’s expansion of its operations at the property,” Mr. Medwin said. “With this transaction, the tenant will fill a large portion of the space Kellstrom Industries will vacate as it downsizes from 250,000 square feet. The remaining 110,000 square feet of warehouse space available in the building offers an attractive opportunity to industrial users seeking class A, centrally located space in the heart of South Florida.”
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