MIAMI-Jones Lang LaSalle’s Miami-based industrial brokerage team has completed the largest industrial warehouse lease in South Florida in the past two years. JLL leased 342,750 square feet at Lincoln Logistics Park to Bel Inc., a promotions firm that employs about 500 people.

JLL Executive Vice Presidents Steven Medwin and Harry Wardell, along with Vice President Nick Wigoda, represented the landlord, Morgan Stanley Real Estate. CB Richard Ellis Senior Vice President Dave Albert and Vice President Devin White represented Bel. The value of the long-term lease exceeds $16 million, according to Medwin.

“The landlord was willing to work with Bel in terms of tenant improvements,” Medwin tells GlobeSt.com. “It’s a brand new building. It’s never been occupied, so the landlord knew they would need to make improvements, like lighting and office space.”