MIAMI-Manray Express has inked an industrial lease for an additional 70,000 square feet at AMB Pargo Center. The freight forwarding-logistics company leased 40,000 feet in Dec. 2009, bringing its total occupancy to 110,000 square feet.
Cushman & Wakefield Executive Director Brian Smith represented the building’s landlord, AMB Property Corporation. CB Richard Ellis First Vice President Michael Silver represented Manray Express in the three-year lease. Specific terms of the deal were not disclosed, but Silver tells GlobeSt.com he negotiated below-market rental rates with “several months” of free rent.
“Gratigny is a good market for logistics and freight forwarders,” Smith tells Globest.com. “The buildings in this submarket are larger, with good clear height and loading. There are many well-established companies in the park, including Florida Food Service, Winn-Dixie and Performance Food Group.”
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