Leases Include: Winco with 121,979 SF at Flagler Station II, MarJam with 102,400 SF at Airport East Distribution Center and Redbull Distribution Company with 48,547 SF at South Florida Logistics Center
MIAMI, March 22, 2019 –The Cushman & Wakefield team of Executive Director Wayne Ramoski, Director Gian Rodriguez and Senior Associate Skylar Stein has recently arranged seven notable leases totaling approximately 650,000 square feet in Miami-Dade County. The leases have a total lease value of $40.94 million. More details below:
·Winco, DWL International Trading, LLC, a commercial kitchenware and equipment supplier, has leased a 121,979-square-foot distribution space at Flagler Station II, Building 22, 10800 NW 103rd St. in Medley. Cushman & Wakefield represented the tenant. The landlord is undisclosed.
·National Molding, an international molding company and plastic manufacturer, has renewed its lease for a 105,871-square-foot manufacturing space at 14427 NW 60th Ave. in Miami Lakes. The space serves as the company’s headquarters. Cushman & Wakefield represented the landlord, Times Equities, Inc.
·MarJam Supply Company, an international supplier and distributor of building materials, has leased a 102,400-square-foot distribution space at Airport East Distribution Center, 7000 NW 32nd Ave., in Miami’s Airport East submarket. Cushman & Wakefield represented the landlord, CenterPoint Properties.
·Artefacto, a high-end, contemporary furniture designer, has leased a 98,478-square-foot manufacturing and distribution space at Medley 104 Industrial Center, 9400 NW 104th St., in Medley. The Brazil-based company has local retail stores in Doral, Aventura and Coral Gables. Cushman & Wakefield represented the landlord, Lincoln Property Company
·New Era, an international apparel company, has leased a 98,280-square-foot manufacturing and distribution space at Carrie Meek International Business Park, 4100 NW 142nd St., in Opa Locka. Based in Buffalo, New York, the company is a major manufacturer of caps and accessories for professional sports leagues. Cushman & Wakefield represented the landlord, Foundry Commercial.
·ConverPack, a manufacturer of disposable paper cups, has leased a 70,500-square-foot manufacturing, warehouse and headquarters space at Medley Industrial Center, 6891 NW 74th St., in Medley. The company is relocating from 9230-9250 NW 102th St. Cushman & Wakefield represented the landlord, First Industrial.
·Redbull Distribution Company, the exclusive distributor of Red Bull products, leased a 48,547-square-foot distribution space at South Florida Logistics Center, Building 7, 3200 NW 67th Ave. in Miami’s Airport West submarket. Cushman & Wakefield represented the tenant. The landlord is JP Morgan.
“The Miami industrial market saw heavy demand for warehouse and distribution space in 2018, which has continued throughout the first quarter of 2019,” said Ramoski. “As the year progresses, Miami-Dade’s booming economy and continued job growth, paired with consumer demand and continued international trade, will bode well for the industrial market’s fundamentals.”
“Aside from the strength of our local market dynamics, it’s also extremely beneficial to be able to work with quality institutional ownership,” added Rodriguez. “Every one of our clients, whether it be the landlord or the tenant, understands the importance of operating a business within a well-run, functional warehouse. And our team’s been lucky enough to work with the best.”
Cushman & Wakefield’s Miami Industrial Team, comprised of Ramoski, Rodriguez and Stein, negotiated 2.7 million square feet of sales and leases valued at more than $156 million in 2018. For more information, please visit www.soflaindustrialteam.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida