Manray Takes Down 70,000 SF in Gratigny

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.