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Beacon Station Leases Estimated $3.38M in New Deals

MIAMI-Brokers for the 4.5 million-sf park signed six new office/warehouse leases for a combined 127,534 sf. Marlin Showcase Co., a new manufacturing business, leased the largest amount with 65,794 sf.

By Melissa Bogdany | Updated on October 21, 2002

MIAMI-Beacon Station, Florida’s largest business park, has leased another 127,534 sf in six separate deals aggregately valued at an estimated $3.38 million, bringing its 4.5 million-sf inventory to 94% occupancy.

Officials at Jacksonville, FL-based Flagler Development Co., the park’s owner, refused to disclose lease terms except to say the leases were mid-term or about five years each in length. Rents are $5.40 per sf to $6.35 per sf.

The six new tenants are Marlin Showcase Co., which leased 65,794 sf of office/warehouse at 9851 N.W. 106th St. The estimated lease value is $1.93 million; Southport C.F.S. Corp., 26,300 sf at 11825 N.W. 102nd Road, estimated value $618,576; International Freight Services, 14,400 sf at 10125 N.W. 116th Way, estimated $338,688; TY & TY & TY Inc., 11,040 sf at 11700 N.W. 102nd Road, estimated $259,661; USA Carriers Inc., 6,000 sf at 11701 N.W. 102nd Road, estimated $141,120; Alaso USA Corp., 4,000 sf at 10100 N.W. 116th Way, estimated $94,080.

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