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Company Expands to Grow Auto Parts Distribution

MIAMI-Interamericana Transport has signed a lease increasing its space from 45,780 sf to 74,836 sf at Lightspeed@Beacon Tradeport, Building 1. Based on market averages, the value of the long-term industrial lease is at least $3.5 million.

By Melissa Bogdany | Updated on December 04, 2002

MIAMI-Interamericana Transport has increased its industrial space here by 63% through a new 74,836-sf lease valued at $3.5 million to $4 million. A specific value of the long-term lease was not disclosed. However, the gross average rental rate for industrial space in the Airport West submarket, according to Codina’s third-quarter industrial report, was $7.59 per sf.

The lease, at 11200 N.W. 25th St. at Lightspeed@Beacon Tradeport, Building 1, represents a renewal of 45,780 sf and an extra 29,056 sf. The entire building is 95,000 sf. That facility will be used for the distribution of Volkswagon, Volkswagon trucks and Audi automobile parts to the Caribbean and South America, Carter Hopkins, the broker who represented the tenant, tells GlobeSt.com.

“They were just looking to better serve their clients in South America and the Caribbean by having more parts available,” says Hopkins, who was with Cresa Partners in the early stages of the deal and is now with Trammel Crow in South Florida.

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