The Miami Industrial Team at ComReal announces the completion of a long-term lease for the +/-47,500 Sq. Ft. building known as the Gratigny Warehouse at 3360 NW 110th Street in Miami, Florida in Seaboard Industrial Park. Only six months after being sold and having gone through renovations, the building will now be occupied by HardTen Clothing Inc., a clothing company relocating its headquarters from New York. This brings the building to 100% occupancy. About 40-50 new jobs will be created.

The current owner bought the building, in August 2017, vacant and with a lot of deferred improvements needed. Since then, the building has undergone a complete renovation, including a new roof, renovated offices and additional loading doors. The building is one of the few freestanding buildings over 40,000 Sq.Ft. with rail access in Miami. Additionally, located inside Seaboard Industrial Park, the building provides companies great access to highways and the local labor pool. The area is home for companies such as Packaging Corporation of America, Winn Dixie, Performance Foods and the new Amazon warehouse.

The ComReal team positioned the building to attract tenants and buyers looking for efficient space at an attractive price. In the Miami Industrial market, all new developments are Class A, have high lease rates and are not available for sale, which leaves the companies looking to lease or purchase second generation space with fewer options. This building served those users.

“We had tremendous activity on this building with multiple offers; the great condition and location of the building made it a very attractive asset. Coincidentally, after the new Tax law passed, we saw an increase in interest from companies from States such as New York and California. In the end, a New York company leased it” commented Edison Vasquez.

Companies moving to Florida is a trend expected to continue as they leave high-tax states for states with low or no State Income Tax. Florida is a no State Income Tax state.

ComReal represented the landlord, Calico 2017, in the leasing of the building.

For more information on the transaction and for other available properties, contact the Miami Industrial Team at 786-433-2380.

Centergate at Gratigny Warehouse in Hialeah

Edward Redlich, CCIM lead the Miami Industrial Division for The ComReal Companies. The team is recently credited for relocating Crossroads Logistics to its new Miami headquarters in March 2007. This is one of the largest, single-user industrial real estate transactions in South Florida’s history. Already one of the top largest Class A warehouse in South Florida, this Hialeah warehouse currently measures nearly 1,000,000 square feet on about 78 acres, for a grand total of interior space equivalent to about 16 football fields. The Centergate at Gratigny warehouse in Hialeah is located at 6301 East 10th Avenue, Hialeah, Florida.

“We are very pleased to have a company of Crossroads Transportation & Logistics’ caliber choose Miami-Dade County and the City of Hialeah as their home site, as the company will attract new jobs and help our tax base grow,” said Hialeah Mayor Julio Robaina.  “This deal supports the private sector’s renewed confidence in the region.”

Ed Redlich inside Hialeah Warehouse

Crossroads Transportation & Logistics is an Indianapolis-based company that provides full-service warehousing, transportation and fulfillment services. John Cantrell, President states “This property serves as an excellent entry point into South Florida, and we look forward to working with Crossroads Transportation & Logistics in making this facility one of the premier Miami logistics centers in the region. We anticipate adding hundreds of new jobs to the local economy with the opening of this facility.” Crossroads now operates two other one-million sq. ft. warehouses in Shreveport, LA and Indianapolis, IN. Crossroads Transportation & Logistics provides full-service warehousing, transportation and fulfillment services, and is recognized as an industry leader in providing high quality, cost-effective services to clients throughout the world. The company excels at designing domestic and international supply chains, ensuring efficient sourcing, manufacturing, transportation and order fulfillment for a wide range of customers.

Situated within close proximity to Miami International Airport (MIA) at the southeast intersection of the Gratigny Parkway (SR 924) and NW 42nd Avenue (Lejeune Road), Centergate at Gratigny provides tenants with direct access to Miami International Airport, Port of Miami and all major South Florida thoroughfares.

The class “A,” state-of-the-art Centergate at Gratigny features 32-foot clear height ceilings, offering tenants more square footage for storage space than most industrial business park facilities currently on the market, while it’s Early Suppression Fast Response (ESFR) sprinkler system allows tenants to store to the maximum height of the building without having to install “in rack” sprinkler systems. In addition, large portions of the building are climate controlled. Amenities include advanced back-up power/generator services, as well as side loading buildings that separate office and warehouse/distribution traffic. Tenants will enjoy enterprise zone status, 24-hour guard-gated security and generous parking.