Cushman & Wakefield Industrial Brokerage Services Executive Director Brian Smith, along with partner and director Audley Bosch, announced the renewal of a 78,800-square-foot lease in Prologis Palmetto Tradeport Industrial Park. Impex of Doral, Inc., a tenant since 2007, will remain in its space in the 100% occupied, multi-tenant Class ‘A’ facility, which is located at 7850 NW 80th Street.
Impex is a family-owned and operated business that specializes in manufacturing, packaging, marketing and wholesale of disposable baby diapers, training pants, baby wipes, adult incontinence, and household goods products for customers located in over 50 countries.
Smith and Bosch have exclusively represented the landlord, Prologis, the leading industrial REIT in the U.S., since Prologis purchased the property in 2010. The tenant, Impex of Doral, Inc., represented by Ernesto Casal, principal of the Casal Group, has extended its lease for an additional six years. The lease is valued at just under $4,000,000.
Located in Medley and fronting the Palmetto Expressway, Prologis Palmetto Tradeport consists of five buildings, totaling just over 880,000 square feet.
“We believe it was a smart move on the tenant’s part to lock into a six-year renewal now,” said Smith. “The park is fully occupied and we have other tenants on the property wanting to increase their space. From a logistics perspective, the location is excellent. The class ‘A’ features of Palmetto Tradeport make it a big draw for businesses.”
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.