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114,000-SF Lease Reinforces Strength in North Dade Industrial Market

MIAMI-Dietrich Industries signs the lease, worth more than $6 million, as it is relocating from a nearby area and growing its space nearly 50%. The new space is located at AMB Property Corp.'s Panther Distribution Center.

By Melissa Bogdany | Updated on November 02, 2004

MIAMI-In another deal illustrating the strong interest in the Gratigny/North Dade County submarket, Dietrich Industries has inked a 10-year lease for 114,000 sf of industrial-warehouse space at AMB Property Corp.’s Panther Distribution Center. The lease is valued at more than $6 million.

Dietrich Industries, a Worthington Industries company based in Columbus, Ohio, is nearly doubling its space in this relocation from a warehouse just off Miami Gardens Drive near Interstate 95 in North Dade. Panther Distribution Center is located at 3505 N.W. 123 St.

Brian Smith, director of industrial brokerage, and Wayne Ramoski, senior director of industrial brokerage for Cushman & Wakefield in South Florida, represented the property owner, AMB Partners II LLP, in the Dietrich Industries transaction.

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