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1M-SF Lease Sets Logistic Firm's HQ Move in Motion

MIAMI-Crossroads Transportation & Logistics signs a 978,164-sf lease valued at an estimated $75 million for warehouse and office space within Centergate at Gratigny.

By Natalie Keith | Updated on March 22, 2007

(To read more on the industrial market, click here.)

MIAMI-In a deal valued at an estimated $75 million, Crossroads Transportation & Logistics has signed a 978,164-sf, long-term lease for warehouse and office space at Centergate at Gratigny. Crossroads, a warehousing, transportation and fulfillment services company, plans to relocate its headquarters here from Indianapolis.

The property was formerly occupied by ABC Distributing, which closed in June. The 1.6-million-sf, 74-acre Centergate at Gratigny is owned by Chicago-based Higgins Development Partners, which acquired the property in August 2006.

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