MIAMI-In yet another sign that Miami’s industrial market is steadily returning to its glory days, Beacon Centre is officially 100% occupied. A quartet of leases totaling 106,000 square feet filled the last remaining square footage in the building during the fourth quarter.

Transwestern senior vice president Thomas Kresse, managing director Walter Byrd and managing director Ben Eisenberg represented the landlord, RREEF Real Estate, in the deals. This is the third industrial park Transwestern has completely filled this year. Doral Logistics Center and Corporate Park at Kendall were the other two.

“The biggest common factor in getting these parks to 100% occupancy came from the tenants that we were dealing with,” Kresse tells GlobeSt.com. “All were currently in the market, considered small businesses yet relocating to accommodate the expansion and growth of their businesses. This is unlike in years past when we were experiencing negative absorption and the majority of the deals we saw were consolidations, tenant downsizing and flight to quality due to depressed rates.”