The site is at 11825 NW 100 Road. Pedro Garcia and Stuart Gordon of Codina Realty Services Inc. ONCOR International represented the facility's owner, Flagler Development Co., in the transaction. Robert Meneses with Digiacomo Group represented Cruise Logistics.
Specific lease terms were not disclosed, but based on the average asking rental rate in Beacon Station--which ranges from $5.40 to $6.35 per sf gross--the lease has an estimated value of $1.5 million.
Also, Perry Manufacturing leased an additional 23,676 sf of office/warehouse space at 10255 NW 116th Way, Unit 10, at Beacon Station. Perry Manufacturing is a manufacturer of ladies' apparel. The company's lease is estimated to be valued at approximately $600,000. Garcia and Gordon represented Flagler Development as the only brokers involved in this transaction.
Separately, MDA LLC inked a deal for 7,000 sf of office/warehouse space at 10050 NW 116th Way, Unit 18. This lease renewal is worth an estimated $175,000. Garcia and Gordon represented Flagler Development, and Ana Carolina Sotomayor and Adilia Lugo of Digiacomo Group represented MDA LLC in this deal.
Finally, Center Bros. renewed its lease for 3,500 sf of office/warehouse space at 9955 NW 116 Way in a deal worth an estimated $85,000. Garcia and Gordon represented Flagler Development and were the only brokers in the transaction.
Beacon Station, located northwest of Miami International Airport, will include approximately 9 million sf of commercial and industrial space and amenity retail on 960 acres at full build-out. Currently, the park has about 4.5 million sf.
The current occupancy at Beacon Station is around 90%. Tenants there include Union Planters Bank N.A., Trends B.G.P. Ltd., General Services Administration and Pittway Corp. (Honeywell). Flagler Development Co. is based in Jacksonville, FL.
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