MIAMI—Prologis International Corporate Park, which spans 350,000 square feet, is now fully occupied. State Street Realty leased up the remaining 100,000-plus square feet at the class A industrial business park in November.

State Street president George Pino, along with senior vice president Ed Lyden and senior associate Jesus Cortes, represented the landlord, Prologis. Prologis International Corporate Park is located at 10400 NW 19 Street, Doral, FL.

“With current market vacancy rates for class A product in the Miami Airport West submarket under 50,000 square feet at less than 2%, we decided to multi-tenant this building at Prologis ICP to enhance its long-term value,” says Pete Crovo, market officer for Prologis Florida. “Limited supply and light speculative development will likely lead to a continuation of rental growth through 2014.”

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