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Beacon Station Books $700,000 on New Leases

MIAMI-Currently at 4.5 million sf, Florida's largest business park has leased 30,000 sf of retail as the business park begins to experience a new wave of tenant interest, Flagler Development Co. representatives tell GlobeSt.com.

By Melissa Bogdany | Updated on October 08, 2002

MIAMI-Beacon Station has signed three new tenants on retail leases totaling 30,000 sf and valued at about $700,000, as Florida’s largest business park begins to experience a new wave of tenant interest, Flagler Development Co. representatives tell GlobeSt.com.

Stewart Pearlman, Flagler’s vice president/regional manager, would not disclose leasing details. The average asking rent in Beacon Station is $5.40 per sf to $6.35 per sf. Based on these numbers, the combined estimated lease value of Beacon Station’s latest production is $709,200.

The three newest tenants are Adex International, 16,550 sf at 10125 N.W. 116th Way, with an estimated lease value of $397,200; All Wood Creations Inc., 7,200 sf at 11701 N.W. 102nd Road, estimated value, $172,800; and Pramac Industries, 5,800 sf at 10100 N.W. 116th Way, estimated value, $139,200.

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