Lee & Associates South Florida Vice President Michael Avendano successfully represented Hephaestus Pharmaceuticals LLC in a new industrial lease in Doral.
The company leased 12,800 square feet within Prologis Beacon Industrial Park.
Avendano negotiated the five-year lease on Hephaestus’ behalf. Located at 10913 NW 30th St. Suite 102, the warehouse includes 24’ clear height, one drive-in bay, five loading docks and 2,764 square feet of office space.
Hephaestus plans to build a sterile compounding facility in the space to manufacture and pack prescriptions for wellness-related medicines providing treatments for insomnia, testosterone replacement, hair loss, erectile dysfunction, weight management issues and more.
Located within the Airport West/Doral submarket, Prologis Beacon Industrial Park is a premier business park with easy access to Miami International Airport, major highways and many restaurants, hotels, banks and shopping centers.
“We are excited to complete our first transaction with Hephaestus Pharmaceuticals and look forward to many more in the future,” Avendano said. “The company, like others in the pharmaceutical industry, is bullish on South Florida as a growth market.”
Based in Miami, Avendano focuses on industrial sales and leasing.
“This lease underscores the rise in demand for South Florida industrial space from pharmaceutical companies,” Lee & Associates South Florida President Matthew Rotolante said. “We are seeing that demand in both our landlord and tenant representation activities.”
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