The recent warehouse space addition is in a bay adjoining its initial space at 8901 N.W. 33rd St. The company signed a five-year lease worth more than $1 million, or about $6.89 per sf. Westpointe Business Center is located at 87th Avenue and Northwest 33rd Street. The park, built in 1999, has a total of 284,637 sf of industrial space. It has managed to fill up in a county that has an overall vacancy rate of more than 9% and an inventory of nearly 156.3 million sf, according to recent quarterly industrial studies of Miami-Dade County.
Terranova Corp. and Scott Sime of CB Richard Ellis negotiated the new lease as a group effort for Westpointe Business Center. Terranova handles the management of the property, while CBRE handles the leasing. Terranova could not disclose the owner of the property.
Freedom Fresh is a wholesaler of produce. The company carries a full line of conventional and organic fruits, vegetables and herbs, including specialty and exotic products. Its distribution facility includes eight independent climate- and humidity-controlled coolers; a 10,000-sf refrigerated loading dock with 24 loading doors, pre-cooling and an emergency generator; as well as administrative and sales offices. The company is led by chairman and CEO Walter Vazquez Sr., and president and chief operating officer Walter Vazquez Jr.
Terranova executive vice president Trish Blasi was traveling and could not be reached for comment on the impact of the deal and the significance of a full industrial park. "We are excited to have Freedom Fresh expand and bring this industrial project to 100% occupancy," she says in a statement.
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