Gold Coast Beverage Leases 60,560 SF

OAKLAND PARK, FL-Zenith Realty Investments has signed its first new tenant since completing a $1.7 million renovation of the 45-year-old, 188,000-sf Oakland Park Station at 1201 NE 38th St., about 25 miles north of Downtown Miami.

Miami-based Gold Coast Beverage Distributors is taking 60,560 sf for two years at an aggregate rent of $423,920 or $3.50 per sf. The lease brings the park’s occupancy to 33%.

Gold Coast needed expansion space after recently acquiring William Thies and Sons, the Miller Beer distributor for Broward County, according to Kathleen Alberts, senior vice president/brokerage, Brenner Real Estate Group, who handled the transaction and leases/manages the property. About 50 employees will work at Gold Coast’s new location. The company also has distribution space in nearby Pompano Beach, FL.