Press Release

Property is 100% leased to Miami International Freight Solutions Brookfield Property Partners snagged a warehouse in Miami Lakes for $22.2 million, as institutional investors continue to target industrial properties in South Florida. A company tied to the Toronto-based investment manager bought the 192,500-square-foot warehouse at 14100 Northwest 60th Avenue for $115 per square foot, records…

Newmark announced a new 47,545-square-foot lease for Coulisse Distribution at Eastview Commerce Center (ECC) in Miami. Newmark’s Executive Managing Directors Steve Medwin and Nick Wigoda and Associate John Mejia represented the landlord, Panattoni Development, and Les Byron at SVN represented the tenant. “This relocation for Coulisse Distribution will allow them to expand their space and…

Newmark announced that global logistics provider Rhenus Group has completed its move to a new warehouse totaling 152,000 square feet at the South Florida Logistics Center in Miami. Freight Logistics, a wholly-owned subsidiary of Rhenus Group, is now running its operations at the Class A facility. The long-term lease transaction, valued in excess of $20…

As we close out 2019, it’s not just the end of a year, but the end of a decade. Bisnow took a peek back at how South Florida’s real estate market has changed since 2010, when we were in the midst of the Great Recession. The research team at Newmark rounded up the top 10 office sales…

Newmark has announced a 39,043-square-foot headquarter industrial lease at Hillsboro Technology Center in Deerfield Beach, Florida for Best Security Industries (BSI), a privately held retail security company that provides both new and certified pre-owned Electronic Article Surveillance (EAS) technologies for businesses. Located at 550 Hillsboro Technology Drive, the Class A industrial facility will serve as…

Newmark has brokered the lease for an entire 157,400-square-foot industrial building at Eastview Commerce Center, a new 800,000-square-foot industrial park in Miami, being developed by Panattoni Development Company. Mr. Greens Produce, the largest privately-owned produce distributor in Florida, will fully occupy Building 1 within the Class A industrial park. The company will triple the size of its…

Newmark announced today the completion of two industrial leases totaling 170,000 square feet and valued in excess of $16 million. Both leases were executed at Medley Logistics Park, a three-building industrial development in Medley, Florida. The buildings are located at 12600 NW 115th Avenue and 12630 NW 115th Avenue. A national warehousing and distribution company renewed its 134,000-square-foot lease at the park, while…

Newmark announced today it completed the sale of a 69,834-square-foot freestanding industrial warehouse in Medley, Florida for $9.75 million. BRW Floors, Inc., a high-end hardwood flooring distribution business, sold the building to Black Creek Group, a Denver based real estate investment manager and development firm. The sale comes as investors continue to compete for a…

AAR Landing Gear has expanded its Medley headquarters and will add 100 more employees, according to Newmark. The company, a subsidiary of Wood Dale, Illinois-based AAR Corp. (NYSE: AIR), extended its lease at Medley Commerce Center by 10 years and expanded by 17,000 square feet to now total 177,000 square feet. It has about 500…