Jose I. Juncadella, David Spillers and George Pino with Codina Realty Services Inc.-Oncor International, a division of Coral Gables-based Codina Group, represented the property owner, AMB Property, in all the transactions.The largest deal is BR 1 America's 15,654-sf industrial lease at 8400 N.W. 25 St. DiGiacamo Group represented BR 1 America in this lease.In addition, the park signed these companies:

• Wal-Mart, which leased 13,895 sf of industrial space at 1616 N.W. 84 Ave. There was no co-broker in this deal.
• Honeywell International, which is taking 9,705 sf of industrial space at 8491 N.W. 17 St. There was no co-broker in the transaction.
• United Furniture of America, which leased 2,400 sf of industrial space at 1912 N.W. 84 Ave. There was no co-broker.
• Pusan Metropolitan City, which leased 1,150 sf of office space at Beacon Centre, 8319 N.W. 12 St. There was no co-broker.

Beacon Centre, in the Airport West submarket, the largest in Miami-Dade County, is approximately 92% occupied. In the county, despite strong sales this year, leasing activity was down 31% from 4.1 million sf in the first half of 2003 to 2.9 million sf in that period this year. The county had 14.1 million sf of available industrial space after the second quarter, according to a Cushman & Wakefield mid-year report on the market.

However, a newly released second-quarter report by CB Richard Ellis shows positive net absorption of 853,364 sf and a 10.3% vacancy rate in the Airport West submarket, which has 62.9 million sf of rentable space. The absorption is by far the highest in the county, with Medley's 249,116 sf coming in second.

According to Pino, "Smaller spaces are doing well," meaning spaces less than 30,000 sf. Among this size property at industrial parks in the Airport West submarket, the vacancy rate is less than 5%, he says.Larger spaces are improving, he notes. There is "increased activity in the Airport West submarket when it comes to larger deals, which I classify as 30,000 sf and up," Pino says. The vacancy rate is 13%, "but the activity is getting better. I have seen a lot of requirements of 30,000 sf and above. We hope to announce a large transaction, meaning 50,000 sf and more, in the next several weeks."