Archive for the ‘Miami Warehouses’ Category

This warehouse in Doral is one of our team’s favorite. The Doral warehouse building is ideal for Miami distribution, freight and logistics companies. It is strategically located right off the Palmetto Expressway (SR 826) at 8201 NW 56th Street, Doral, Florida, 33166.

The total size of this Doral warehouse space is about 28,500 square feet including 7,500 sq. ft. of office space. The salient features are fully sprinkled; fully fenced and gated site with a large yard area that sits on 1.5 acre; 21 loading docks plus 1 loading ramp; and heavy electric.  The original asking lease rate for this Doral warehouse is at $7.95 psf industrial gross.

Contact the Miami Warehouse Team for more info and to tour at 786-433-2380.

One of the newest industrial parks in Miami will be Flagler Logistics Park. The 60 acres site is located off NW 36th Street and 72nd Avenue near the Palmetto and Dolphin Expressways. It’s close proximity to these expressways and Miami International Airport is a big selling point for the park. In addition, the property is rail-served by FEC railroad. Expect over 1,000,000 square feet of industrial warehouse to be constructed there eventually. The property is represented by Flagler Real Estate Services.

Flagler Logistics Park is ideal for Miami logistics, freight forwarders, importers and exporters, 3pl’s, light manufacturers and distributors who may need ready access to the railroad, airport and the Port of Miami. Below is an aerial photo…

ComReal represents The 7000 Building located nearby in Commerce Park at 7000 NW 33rd Terrace, Miami. This 127,000 sq. ft. warehouse in Miami already exists and is rail served by FEC railroad. The property is for sale or lease. Special features include: all concrete construction including roof; fully sprinklered; heavy electric; extra trailer parking and/or storage; concrete mezzanine; over 12,000 sq. ft. of office space; dock height loading and ramp; high ceilings and more. Visit www.miamiairportwarehouse.com.

For more information on other Miami warehouses and the Miami industrial real estate market in general, please contact The ComReal Miami warehouse team at www.ComRealWarehouses.com or call 786-433-2380.

Is the Miami industrial real estate market back in 2010?

If the first quarter will be of any indication for the rest of the year then the answer is absolutely YES! This quarter experienced a very significant amount of activity in the Miami industrial real estate market especially when compared to the prior quarters in 2009.

In the Airport West submarket, ComReal reports that ten (10) warehouse buildings of 20,000 sq. ft. and over have sold this quarter to owner users. That is more than all of last year! This is of great significance. It also appears that prices for both class A and B building have stabilized. Only two of those sales were considered distressed. For details on each of the Miami warehouse buildings that sold see below and/or call us for discussion.

In regards to leasing activity, ComReal tracked thirteen (13) leases executed for warehouse spaces over 25,000 sq. ft. in the Miami industrial real estate market. (These warehouse spaces were class A and B only). Although leasing activity has increased, landlords are still offering major rental concessions such as free rent and tenant improvement allowances. We have been informed that one industrial park has actually increased their asking lease rate. The ComReal Miami Warehouse Team was responsible for over 200,000 sq. ft. of new lease transactions. Feel free to read more about the following stories:

• Armellini Leases Miami Warehouse Space>>
• Aggreko Leases Miami Industrial Property>>
• South Florida Warehouse Lease by MSI Stone Importer and Distributors>>
• Boston Med Devices Leases Warehouse at Miami Free Zone in Doral>>

The significant volume of sales and leasing activity this quarter may be a statement that the industrial market is beginning to stabilize. We really will not know until late into 2010 if this upward trend continues.

If you are considering the acquisition of new warehouse space, anytime in 2010 may be a good time to lease or purchase before purchase prices and lease rates begin to increase. One thing that may be for sure is that interest rates may increase so this is another reason to act soon. So if you identify a functional property that suits your business operation needs and it’s well priced, you ought to act expeditiously to get it under control.

ComReal Miami Welcomes Edison Vasquez to its Industrial Team

ComReal is pleased to announce the addition of Edison Vasquez to its Miami industrial real estate team. As a graduate from Florida International University’s (FIU) Master of International Real Estate, Edison is well positioned to assist clients in the transactions of commercial properties. Before joining ComReal Miami, Edison collaborated with several brokers in numerous transactions at Grubb & Ellis. Edison, a native from Ecuador, is fluent in Spanish which suits him well to serve Latin American business. “Miami is the gateway to business in Latin America and with my language and the support of a well established firm, such as ComReal Miami, the opportunities for growth are limitless.” states Mr. Vasquez.

ComReal Miami address change

The ComReal Miami office has moved to a new location in Doral. The new address is 9500 Doral Boulevard, Suite #103, Doral, Florida 33178. Our phone numbers and emails remain the same. Our website is www.ComRealMiami.com.

For over 30 years, The ComReal Companies have played an integral role in the commercial development of South Florida. The ComReal Miami office has always proudly been headquartered in The City of Doral. Now its main office will be at The 9500 Building adjacent to BBU Bank on the prestigious Doral Boulevard (NW 41st Street) across from the Doral Country Club.

Throughout its history, ComReal is credited with several major transactions along Doral Boulevard including Univision’s 153,000 sq. ft. facility, Miami-Dade County Fire Department’s acquisition of the 172,000 sq. ft. former Eastern Airlines Headquarters and the 127,000 sq. ft. IVAX facility. It is only fitting that ComReal now joins these impressive landmarks along Doral Boulevard.

“Boston Med Device International and Coastal International Logistics (CIL Forwarding) Expand into South Florida, Miami Free Zone”

“From Dominican Republic, Europe and the United States via Miami to the World”

[Aldo Wrves of CIL Forwarding with Edison Vasquez, Chris Spear & Ed Redlich of ComReal Miami]

Boston Med Device International (BMD) has chosen Miami, South Florida for their most recent expansion. They have leased 25,000 sq. ft. of warehouse space in Miami and associated office space at the Miami Free Zone located at 2305 NW 107th Avenue in the City of Doral, Florida. The Miami warehouse space will be storing medical devices distributed across Latin America by Boston Med Device International; a Boston based specialized medical device company with direct operations in all major countries of Latin America. These products will be brought in from various international source plant locations like the Dominican Republic, the United States and Europe, and be consolidated in the Miami Free Zone. Products will then be shipped directly to all countries of Latin America via air cargo flights and ocean container service from the Ports of South Florida and the Miami International Airport. Since the Miami warehouse is within a foreign trade zone, U.S. tariffs will not be levied on goods that will be shipped abroad.

CIL Forwarding will be BMD’s operator of the warehouse. CIL is a logistics and forwarding company based in Jacksonville, Florida. They service both air and ocean freight shipments around the world with their network of warehouse facilities. Chris Hood of CIL states that “BMD is exactly the type of client we enjoy servicing. BMD will require precise warehousing and operational processes to meet the various Latin American destinations specific requirements. We are very excited about serving and developing expertises for BMD in the Miami foreign trade zone and beyond.”

CIL was co-represented by brokers Edward Redlich, SIOR, Christopher Spear and Edison Vasquez of ComReal Miami, Inc. and Jeff Graham, SIOR of King Industrial Realty / CORFAC International. Both Redlich and Graham are members of the elite Society of Industrial & Office Realtors (SIOR).

“When Coastal International Logistics, on behalf of BMD,  first contacted us about expanding into South Florida, we immediately prepared two Site Selections for available warehouse spaces from 20,000 to 30,000 sq. ft. We ultimately presented them with over sixty warehouse spaces  in both Miami-Dade and Broward Counties.” recalls Ed Redlich. “The deciding factors for the warehouse space at the Miami Free Zone were the foreign trade zone status, quality of the space, and the flexibility of future expansions.”

Cargo Ventures, owns and operates the Miami Free Zone, a 850,000 sq. ft. facility. (Visit www.MiamiFreeZone.com). Jake Citrin, President of Cargo Ventures said “we are thrilled to have BMD and CIL join over 60 other companies at the Miami Free Zone who are benefiting from operating in one of the largest general purpose foreign trade zones in the country.”

For more information on this transaction and the Miami industrial market in general, please contact Edward Redlich, SIOR, CCIM at 786-433-2379 or visit www.ComRealWarehouses.com. Additional contact information below:

Mr. Erich Roht, President/CEO
Boston Medical Device, Inc.
Boston Med Device International, LLC
Corporate Phone: 781-319-7771
www.bostonmeddevice.com

Mr. Chris Hood
Coastal International Logistics, LLC
Corporate Phone: 904-741-0691
www.coastalinternationallogistics.com

Jake Citrin, President
Miami Free Zone
Corporate Phone: 305-591-4300
www.miamifreezone.com