The specific lease values were not disclosed, but based on the average asking rental rate in the park of $7 to $7.50 per sf gross for industrial space, Zip Transport's mid-term lease is valued at an estimated $1.75 million. The lease is for 1701 N.W. 84th Ave.
The CEMUSA Miami lease, which is mid-term with an option to renew, has an estimated value of $580,000. The site is 2119 N.W. 84th Ave.
In another deal, Geologistics America, a transportation company, leased 25,230 sf of industrial space in a new location at 8501 N.W. 17th St. This short-term lease is valued at an estimated $275,000.
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