Search
 

Doral Area Loses 2 Tenants to Nearby Parks

MIAMI-Inking a lease for 10 years, 3 PL of the Americas is set to move in to 138,996 sf of industrial space at the 2.3 million-sf, class A Beacon Centre. Hospitality Services leased 17,600 sf of industrial space at Beacon Industrial Park. Both tenants relocated from the Doral area.

By Melissa Bogdany | Updated on February 10, 2003

MIAMI-Beacon Centre, a 2.3 million-sf, class A, mixed-use property here has snagged a major tenant from the Doral area. The company, 3 PL of the Americas, has signed a new lease for 138,996 sf of industrial space for a 10-year term.

The new location is at 8501 NW 17th St. This represents a new location for the third-party logistics and warehousing company, which is relocating to Beacon Centre.

The company is paying in the low $6 range per sf gross for the space, according to Brian Smith of Alliance Commercial Real Estate Group here, who represented 3 PL of the Americas in the transaction. This estimate places the lease valued at approximately $8.48 million.

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.