Search
 

Beacon Centre Sees Boost in Leasing Activity

MIAMI-Seven new industrial leases totaling 135,049 sf have recently been inked at the class A property here. The deals include a 50,000-sf lease with Zip Transport, a 25,230-sf lease with Geologistics America and a 20,000-sf lease with CEMUSA Miami.

By Melissa Bogdany | Updated on January 13, 2003

MIAMI-Activity seems to be picking up at Beacon Centre–a class A, mixed-use property here–as a series of seven new leases totaling 135,049 sf have recently been signed. The two most recent deals, signed this year, include a 50,000-sf industrial lease inked with Zip Transport, a freight forwarder, and a 20,000-sf industrial deal with CEMUSA Miami, which deals with government contracts, such as traffic signals and expressway signage. The company has a 10-year contract with the county at this time.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.