South Florida lease roundup: Doral Logistics Center fills up & more

New leases also at the Miramar Park of Commerce and Royal Palm Office Park

August 2, 2017

Clockwise from top left, Miramar Park of Commerce, Royal Palm Office Park and Doral Logistics Center

Doral Logistics Center fully leased

The Doral Logistics Center, a 174,024-square-foot industrial complex, is 100 percent leased after an aircraft supply company leased the remaining 88,680 square feet, Transwestern announced.

Parts supplier NexGen Aero LLC will move into the south side of the building at 2900 Northwest 112th Avenue in Doral.

The landlord, Seagis Property Group, was represented by Transwestern’s Thomas Kresse, Walter Byrd and Ben Eisenberg, and Carlos Gaviria, according to a release. Wayne Schuchts, of Avison Young, represented the tenant.

Seagis Property Group owns about 10 million square feet of industrial real estate in South Florida, New Jersey and New York.

Miramar Park of Commerce gets 150,000 square feet of new leases, renewals and extensions

The Miramar Park of Commerce, a 5-million-square-foot business park, just announced three new leases, five lease renewals and three expansions. Sunbeam Properties & Development represented the park in the transactions. Cyborg Instruments, an online European furniture distributer signed a lease for 26,976 square feet of space in building MPC-7C at 3930 Executive Way in Miramar.

Roses Delight, a warehouse and distribution center for healthcare products, canned and dry foods, paper and disposables, leased 11,640 square feet of space in building MPC-11C at 2721 North Commerce Parkway.

Blue Wave Communications, a technology and cable company, leased 7,400 square feet of space in building MPC-2A at 10330 USA Today Way. Broker and global freight forwarder Promptus, LLC renewed its lease for 29,094 square feet, and corrections-related services company JPay, Inc., renewed its 24,487-square-foot lease.

Kone, Inc., represented by Gregg Raus of JLL, signed the largest lease extension. The elevator and escalator company extended its lease for 18,959 square feet of space at 3421 Enterprise Way. Its location at the Miramar Park of Commerce serves as an office, warehouse and distribution center for associated parts.

The Miramar Park of Commerce has about 180 tenants and 5.2 million square feet of warehouse and office space.

Royal Palm Office Park in Plantation gets 54,603 square feet of new-to-market and renewed leases

Royal Palm Office Park, a 465,592-square-foot office park in Plantation, announced 54,603 square feet of new-to-market and renewed leased space at the office park, according to a release. Blanca Commercial Real Estate’s Tere Blanca and Danet Linares represented the landlord. According to LoopNet, asking rents are $26.50 per square foot.

Brookfield Hospitality Properties, an arm of Brookfield Asset Management based in New York inked a 40,310-square-foot lease space at the park. Other tenants include iConstructors, a Tampa-based construction company, and Province, which will lease 2,093 square feet. In total, 44,242 square feet of new leases were signed at the park at 900 and 1000 South Pine Island Road.

Lease renewals include the party rental space The Daily Room and accounting firm Rosenbaum Sobel, PA.

The Lincoln Property Co., a Dallas, Texas-based real estate investment firm, bought the park from Duke Realty for $128 million in August 2014. — Amanda Rabines

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Eight Office Park Tenants To Create Over 100 Jobs

August 22, 2016

An estimated 113 jobs are expected to be created at the Royal Palm Office Park in Plantation after seven new tenants and one expanding tenant signed leases there over the past six months.

The transactions at 900 and 1000 S. Pine Island Road totaled 28,175 square feet. Blanca Commercial Real Estate’s Tere Blanca and Danet Linares represented landlord Lincoln Property Co. in the deals.

The most recent lease was for 6,157 square feet with Port Consolidated, which relocated from a space near Port Everglades, Linares said. The floor plate it leased was designed for 25 jobs, Blanca CRE said. Linares said Port Consolidated, a fuel supplier, wanted to upgrade its office space with a new look.

Royal Palm Office Park has amenities such as a free fitness center, shared conference center, training room, cafe, and an outdoor lakeside relaxation space with Wi-Fi and music.

“Tenants like the training room and conference center because they don’t have to utilize their expensive real estate for a conference center that will rarely be used,” said Linares, vice chairman of Blanca CRE. Pediatric Associates of South Florida added 7,500 square feet to the 27,000 square feet it already had in the building. Its floor plate was designed for 55 employees in the expanded space. The medical practice has 28 locations. Chris Coots of Flagler Investment represented Pediatric Associates in the deal.

The other six new tenants to the office park were:

  • Digital marketing company Digital Coco with 3,600 square feet and seven employees. It was represented by Sal Bonsignore of Colliers International.
  • Cleaning products provider Green Earth Supply with 3,010 square feet and nine employees.
  • Norwegian telecommunications company Telenor Global with 2,441 square feet and six employees. It was represented by Charlie Exelbirt of Mattis Advisors.
  • Transamerica Premier Life with 2,227 square feet and four employees. It was represented by SA Commercial.
  • Law firm Adelman & Wagner with 1,839 square feet and four employees. It was represented by Kathryn Gillespie of SVN Commercial Real Estate Advisors.
  • Law firm Frankel & Associates with 1,401 square feet and three employees. It was represented by Eddie Quinon of JLL.

Linares said Royal Palm Office Park, which totals 465,592 square feet, is 92 percent leased.

“Plantation is very centrally located right off Interstate 595,” Linares said. “It has executive and mid-level housing. It’s in the center of the Palm Beach and Miami markets so companies can tap into different employee bases.”