ComReal Scores Again with Refrigerated Warehouse for Produce Importer

Miami, FL– Strong efforts by the ComReal team, led by Partner and Managing Member, Edward Redlich, led to the leasing of a third Miami warehouse location for international produce importer, American Consolidation & Logistics (ACL). The 93,799-sq. ft. facility located at 3200 NW 67th Avenue in the South Florida Logistics Center is one of the only controlled atmospheres for fumigation in the country. This multi-million-dollar deal gives ACL a prime location near Miami International Airport, where much of their imported produce arrives by plane.

“Our new location near MIA is critical. We can provide our clients peace-of-mind by assuring that their produce is transported as quickly as possible to our specialty refrigeration units located inside our warehouse.” Said Jose Medina, CEO of American Consolidation and Logistics. “The quick work of finding this facility by Edward Redlich and his team of Chris Spear and Edison Vasquez was unbelievable. I’ve never worked with a Realtor more professional, diligent, and who conducts business with complete integrity like Ed does.”

“This is our sixth client that we’ve represented in leasing warehouse space totaling over 350,000 sq. ft. at South Florida Logistics Center.” Said Edward Redlich, Managing Member at ComReal Miami – Doral. “Our team has leased more space at South Florida Logistics Center than any other brokerage firm. We were happy to service American Consolidation & Logistics, and assist them in finding the perfect refrigerated warehouse.” Flagler Brokerage and Management Services represents the ownership. 

In the Fall of 2016, Redlich and his team were retained by ACL to acquire a +/- 100,000 sq. ft. refrigerated warehouse in Miami. They began working on a comprehensive site selection of potential properties that would suit ACL’s needs including both existing warehouse buildings and vacant land for build-to-suit construction. The only building that already had the refrigeration systems installed and ready-to-go was Building #1 at South Florida Logistics Center, where ACL now operates. In addition to Miami International Airport, the property is also easily accessible to PortMiami via truck or railroad. American Consolidation & Logistics moved into their new Miami cooler warehouse on April 17, 2017. This is their third South Florida location along with their Opa-Locka headquarters and a warehouse in Pompano Beach.

ComReal Miami – Doral: The ComReal Industrial Team has been assisting companies with their South Florida real estate needs for over 30 years. The industrial team specializes in the sales and leasing of industrial properties.  Visit www.MiamiIndustrialTeam.com  and/or call 786-433-2380 for more information.

American Consolidation & Logistics: ACL specializes in handling imports of fresh fruits and vegetables. Our team has a wealth of experience with produce. We are committed to using all of our resources in order to offer the highest level of service in the produce industry. Visit www.amerconsolidated.com for more information.

South Florida Logistics Center at 3200 NW 67th Avenue, Miami

Southcoast Simulation, Inc. has recently moved into its brand new 17,000 sq. ft. class A warehouse space at South Florida Logistics Center located at 3200 NW 67 Avenue in Miami, Florida. Southcoast is based in Montreal, Canada and specializes in Visual System Technical Support for flight simulators originally produced in England and Canada. “Southcoast employees offer years of  highly experienced systems engineering and program management expertise gained through the development and deployment of Flight Simulators and Visual Systems around the world.” states Simon Potts, Director.

The landlord is Flagler Development who constructed this fourth building at South Florida Logistics Center which is adjacent to Miami International Airport. In addition, Flagler constructed the interior build-out including the office space, air-conditioned warehouse, heavy electrical system and mezzanine for Southcoast.

“This is the fourth client that we have represented in South Florida Logistics Center. What is interesting about these lease transactions are that three of them were new to Miami; and all four are based in other countries; two from Canada, one from France and one from Colombia.” states Ed Redlich, SIOR, CCIM, Vice-President with ComReal Miami’s Industrial Team.

For more information, please contact Ed Redlich, SIOR, CCIM at ComReal at 786-433-2379. Thank you very much.

Ed Redlich, Stephane Desseigne, Mayor Carlos Gimenez and Chris Spear at PortMiami welcoming MOL Majesty via new Panama Canal.

Global logistics company, Seafrigo, expands to Miami warehouse just-in-time for new Panama Canal.

July 2016 – We are pleased to announce that Seafrigo, a global logistics company, is expanding   their logistics services into the South Florida market, just-in-time for the new Panama Canal. Seafrigo is headquartered in France and specializes in the food logistics industry. This Miami warehouse will be their third regional facility within the United States. One of the significant reasons that Seafrigo selected Miami for their next expansion was due to the opening of the new Panama Canal on June 26^th.

The 30,000 sq. ft. warehouse space is located at 3200 NW 67^th Avenue, in South Florida Logistics Center (SFLC) just twelve miles from PortMiami. The warehouse will have both coolers and freezers installed based on Seafrigo’s specifications. Although most of the food products will be shipped via ocean, some will arrive via air from Miami International Airport located next door.

“It is with great pleasure to announce Seafrigo’s decision to open its location in Miami, FL. We feel that PortMiami and Miami International Airport are going to be key factors in the perishable logistic activity. Our vision of Miami is to be the gateway of Latin America, the Caribbean and beyond. Miami will directly benefit from the opening of the Panama Canal which will accelerate the shift of the US ocean TEU’s market share from the West coast to the East coast. We are very excited to start a new Seafrigo endeavor in this dynamic market.” states Stephane Desseigne, CEO, Seafrigo

“We are pleased to welcome Seafrigo to Miami-Dade County,” said Miami-Dade County Mayor Carlos A. Gimenez.  “Seafrigo’s choice to use PortMiami as a global gateway represents a growing trend.   Perishables growth at the port has increased approximately 25%. Customers are taking notice that PortMiami can efficiently move refrigerated products to markets in Florida and the Southeastern U.S., as well as to Latin America and the Caribbean. This represents reducing time-to-market and lowering transportation costs.  Faster is fresher when using PortMiami.”

Seafrigo was represented by ComReal Miami, a commercial real estate firm with nearly forty years of history. “To my knowledge, Seafrigo becomes the first major company to locate to Miami partially due to the new Panama Canal expansion.” states Edward Redlich, SIOR, CCIM, Vice-President with ComReal. “It is always exciting to welcome a new client to the market especially when they are headquartered outside the USA. Miami has truly grown from a Latin American market to a global market. Next month, I will be participating in my second trade mission to the Panama Canal.”

“To our knowledge, Seafrigo becomes the first major company to locate to Miami partially due to the new Panama Canal expansion”. – Ed Redlich

ComReal’s Chris Spear, CCIM also adds “Cooler warehouses are hot in Miami right now.  Over the last two years, we have been involved in several transactions involving refrigerated warehouses, since many of our clientele are in the foods and/or flowers industries. This is our fourth customer that has chosen South Florida Logistics Center because of its location relative to both the port and/or airport.”

“Exclusive access to PortMiami, Port Everglades and Miami International Airport makes South Florida Logistics Center the ideal location for Seafrigo,” said Dan Marcus, Executive Vice President of Development at Flagler Global Logistics. “SFLC is a master-planned multimodal park being developed with 2 million square feet of state-of-the-art cold and dry industrial space providing tenants with competitive access for air, rail, sea and truck freight.”

“As the only intermodal rail service along Florida’s east coast, Florida East Coast Railway is excited for the opportunity to provide our seamless rail service for Seafrigo’s cold chain traffic,” said James R. Hertwig, President & CEO of Florida East Coast Railway. “We have invested in infrastructure to support multi-modal shipping and global trade into and out of South Florida and our on-dock rail facility at PortMiami provides efficient and reliable intermodal rail service, allowing goods to reach 70 percent of the U.S. population within four days.”

For more information on this story, please contact Ed Redlich or Chris Spear at 786-433-2380. Thank you very much.

Elite Flower Warehouse in Miami

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.

ComReal is marketing two other refrigerated warehouses in Miami including the 102,000 sq. ft. Americas’ Gateway Park Building and the 64,000 sq. ft. International Corporate Park Building.

Building #2 under construction at South Florida Logistics Center in Miami

Midway through 2013, ComReal is pleased to report that the average lease rates increased to $7.86 per sq. ft. and the vacancy rate decreased slightly to 6.4% within the Miami industrial real estate market. According to our sources, there are fewer on-the-market properties available for sale and lease. The “days on market” has also been dropping slightly for the past three years. Sales prices and lease rates are rising steadily over the same period. Although owners may be pleased with the values of their properties increasing, keep in mind that interest rates are also rising so prospective buyers will have a challenge affording the purchase of properties with both an increase in price plus higher interest rate.

There were two jumbo sales transactions during the 2nd quarter. The first was the sale of multiple class B buildings totaling 306,924 sq. ft. within Americas’ Gateway Park in Doral located at the southwest corner of NW 87th Avenue and 25th Street. The sale closed in May for a total price of $23,725,000 or $77 per sq. ft. The seller was TA Associates Realty and new owner is Terreno Realty. The second sale occurred in June. Lincoln Property acquired eleven buildings totaling 846,651 sq. ft. located in the Medley submarket. The purchase price was $59,850,000 or $71 per sq. ft. The Seller was again TA Associates Realty and the buyer was Lincoln Property Company.

The two largest leases of the past few months were OHL’s lease of the 185,520 sq. ft. space at 10733 NW 123rd Street in Medley. This is a very impressive, brand new facility owned by IIT. The second lease deal worth mentioning was the 143,000 sq. ft. refrigerated warehouse space in Miami at 7025 NW 37th Avenue by US Cold Storage. It is also exciting to report that Building 1 at South Florida Logistics Center by Flagler Development is almost near completion.

In case you missed our prior report, you may click this link for ComReal’s Miami Industrial Real Estate Market Report for the 1st Quarter of 2013. >>>

Read about Edison Vasquez’s recent tour of the cargo facilities at Miami International Airport. >>>

Client Seeks 90,000 sq. ft. Warehouse to Lease:

ComReal Miami, Inc. represents a national, credit tenant who seeks to lease a +/- 90,000 sq. ft. warehouse space with the requirements listed below. Please send us any properties that you may have available. Thank you very much for your consideration.

• Total Size: From 80,000 to 100,000 sq. ft.
• Office Size: From 2,000 and up to 7,000 sq. ft.
• Loading: Dock height with 1 ramp.
• Class Type: A or B.
• Location: Miami-Dade County.
• Use: Distribution and storage.  
• Timing: 1st Quarter 2014.

Miami International Commerce Center (MICC):

Please check out our new listing at 8000 NW 25th Street within Miami International Commerce Center in Doral. This is a 45,000 sq. ft. flex space building that was recently acquired and renovated by PS Business Parks. ComReal is pleased to report that we have already successfully leased 30,000 sq. ft. leaving only the 15,000 sq. ft. unit available in the front along 25th Street. Feel free to contact us anytime for more info and/or to arrange a tour. Visit our website for this listing at www.FlexSpaceMiami.com

Miami Warehouses Leased in 2nd Quarter 2013 (partial list):

Miami Warehouses Sold in 2nd Quarter 2013 (partial list):

MOL Comfort Ship Sinking:

MOL Comfort Breaks (Source: gCaptain)

If you have not seen the shocking images of the MOL Comfort Ship sinking, please checkout the story and photos posted by our friends at Lilly & Associates International at MOL Comfort Sinks. >>>

Service Provider of the Quarter:

For your commercial property and business insurance needs, please consider our friends at Lykes Insurance. They have been in business since 1952 with offices all over Florida including one here in Miami in the City of Coral Gables. Below is their contact info. Feel free to tell them ComReal sent you. Visit here for more info on Lykes Commercial Insurance. >>>

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<<< Please click here for a printable PDF version of this report. >>>

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