MIAMI—Medical Technologies Innovators has doubled its footprint in Miami by signing a five-year lease for 21,586 square feet in Building 32 at Flagler Station II here.
The company's new warehouse space fronts NW 106 Street just off the Florida Turnpike. The medical and hospital equipment firm was previously located within Blue Lagoon Business Park at 6701 NW 7th Street in Miami.
Stephen DiGiacomo, SIOR of the DiGiacomo Group, who represented Medical Technologies Innovators in its search for a new and modern warehouse facility, announced the lease deal
“Finding the right facility in just the right location was very important and making a very significant reduction in the rent and operating expense was frosting on the cake,” DiGiacomo says.
Flagler Station Building 32, which totals 269,918 square feet, along with Building 34, which totals 251,720 square feet, is nearing completion. The deal brings Building 32 to 80% pre-leased.
During the second quarter, developer Flagler Global Logistics will begin construction on Building 35 (104,246 square feet), Building 36 (129,600 square feet) and Building 38 (135,000 square feet). Building 36 is already 60% pre-leased.
Flagler Station and Flagler Global Logistics are represented by Chris Sutton, SIOR and Robert Richter.
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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
