Miami International Freight signs big lease in Miami Lakes
Miami International Freight Solutions has signed a lease for 190,707-square-foot at the Terreno Miami Lakes Distribution Center, closing one of the biggest industrial deals of 2011.
Terms of the 7.5-year lease on the facility, at 14100 N.W. 60th Ave., were not disclosed. Miami International Freight Solutions is scheduled to move in the space in March.
The warehouse, which sits on 13.2 acres, is undergoing renovations, which is one of the reasons the new tenant chose to relocate there, said landlord representative Carlos Velasquez, senior director with Vivo Real Estate Group.
“This space, in particular, represents forward-thinking on the part of the landlord,” Velasquez said. “Terreno had the foresight to purchase and refurbish the building, fully appreciating its potential.”
Miami International Freight Solutions had been located at Centergate in Gratigny in Hialeah. The company’s exit from Centergate makes way for the leasing of 475,000 square feet of space to international promotional products company Bullet Line, a subsidiary of Polyconcept North America, said Jose Juncadella of Fairchild Partners, who brokered the original Miami International lease at Centergate in 2010.
The Bullet Line deal is one of the largest industrial leases to be closed in South Florida in several years.
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