The ComReal Miami Warehouse Team is pleased to announce the successful transaction involving their client, Elite Flower Services, and their long term, lease acquisition of 107,360 sq. ft. of warehouse space at South Florida Logistics Center. Their new building is located at 3200 NW 67th Avenue in Miami. After searching for several years for the ideal warehouse in Miami and multiple site selections, ComReal was able to identify South Florida Logistics Center as the most economical and functional property for Elite. Obviously, the proximity to Miami International Airport (MIA) and the new state-of-the-art construction were key factors in the decision making process. In addition, the developer, Flagler, constructed the refrigeration systems upfront at their expense. Flagler also offered seasonal overflow space which significantly reduced Elite’s annual occupancy costs.
Chris Spear, Edison Vasquez and Ed Redlich with ComReal added more value along the way by offering lease comparables in the market, negotiations and spreadsheets with analysis on occupancy costs, amortization and tenant improvement allowances. Of the five largest transactions in South Florida involving refrigerated warehouses, ComReal has been instrumental in four of them. Their team focuses on cooler warehouses in Miami; has very good relationships with those in the perishables businesses (such as flowers, foods and pharmaceuticals); and is very involved within the industry. Redlich serves on the Port Miami Perishables Committee and has participated with several trade missions to the Netherlands and Germany for Fruita Logistica, Panama for the Panama Canal and also Peru for Expoalimentaria.