Schenker, Inc. and Schenker Logistics, Inc., two divisions of the global transportation and logistics giant DB Schenker, executed leases totaling 273,000 square feet at DCT Industrial Trust’s DCT Commerce Center at Pan American West, located in West Miami-Dade County.
Schenker, Inc. significantly expanded its existing Miami branch facility which provides air and ocean freight distribution services when it executed a lease for 150,000 sq. ft. in DCT’s first building located at 1801 NW 135th Avenue in Miami. The first facility, Building A, is presently under construction and occupancy is scheduled for the first quarter of 2013.
Schenker Logistics, Inc., more than doubled the size of its existing logistics operation in Miami, when it executed a lease for 123,000 sq. ft in the second building of the project, Building B. Schenker Logistics, a leader in their industry, provides third party logistics services to a host of national and international companies. Building B located at 1800 NW 133rd Avenue is also under construction and will be delivered in the second quarter of 2013.
“We are excited to expand our presence in Miami. It is a key market and important gateway for our rapidly growing Latin American companies. This logistics center gives us the capability to add new services and solutions for our customers that we believe will be very beneficial,” said Schenker’s Chief Executive Officer for the Americas, Heiner Murmann.
“DCT is very pleased with the execution of these leases and the expansion of our relationship with such a quality company,” said Todd W. Watson, Regional Vice President for DCT Industrial. “Not only were we able to provide Schenker with well-located, Class A facilities, but by completing these transactions we have also successfully leased over 80 percent of the project prior to completion of both Building A and B.”
“DCT Commerce Center’s two building configuration offered a “campus” setting with enhanced security features which was a major driver in Schenker’s decision to locate both divisions at this location” said CBRE’s Senior Vice President, David C. Albert, SIOR. “Additionally, the buildings’ state of the art features and close proximity to Miami International Airport and the Port of Miami made DCT Commerce Center the choice of both companies.”
CBRE Senior Vice President David Albert provided representation to Schenker in the leases. CBRE Vice President Devin White negotiated the transaction on behalf of the landlord, DCT Industrial Trust Inc.
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