Search
 

Nipro Diabetes Systems Opens HQ

MIRAMAR, FL-The division of Japan-based Nipro Corp. received $155,000 in incentives from the city for creating new jobs. Thirty workers are in its new 37,473-sf local office. The long-term lease is estimated to be worth more than $1.3 million.

By Melissa Bogdany | Updated on September 23, 2004

MIRAMAR, FL-Nipro Diabetes Systems, a division of Nipro Corp. of Osaka, Japan, has received $155,000 from the city for creating new jobs and has opened its 37,473-sf headquarters in the Miramar Park of Commerce.

Nipro Diabetes Systems, which manufactures insulin pumps for Type I Diabetes, has 30 employees at the park in a long-term lease. The company’s office and warehouse space is located in MPC-22-B at the park.

The park, which would not disclose the value of the lease, created a unique deal for the company, according to a park spokeswoman. “They created flex space in a warehouse building for them,” she says. Based on recent warehouse space rates alone in this Broward County submarket, the lease is estimated to be valued at more than $1.3 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.