MIAMI-Doral Logistics Center is demonstrating the strength of the Airport West market. Wholesale Group just inked a new long-term lease for 88,680 square feet. The class A industrial space, which is located at 2900 NW 112th Ave. in Doral, was leased less than 60 days after it hit the market.
Transwestern managing directors Walter Byrd and Ben Eisenberg and senior vice president Thomas Kresse represented the building owner, Seagis Property Group. Frank Trelles, with WestVest, represented the tenant.
“This transaction is a true reflection of today’s strengthening market conditions,” Kresse tells GlobeSt.com. “The demand for industrial space continues to outpace other sectors. As vacancy rates drop, lease rates have begun to increase. This has led numerous institutional owners to seriously explore the option of constructing new supply.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
