MIAMI—Logistics companies are jockeying for prime industrial positioning as Miami's commercial real estate market continues heating up. NeutraLogistics, a logistics company specializing in freight management, imports, exports, trucking and brokerage, is relocating to a larger space.

Blanca Commercial Real Estate executive vice president Juan Ruiz represented NeutraLogistics in the transaction. George Pino and Ed Lyden of State Street Realty represented Prologis. Financial terms of the agreement were not disclosed.

“Our firm is well known for its robust market share representing owners but through the strong relationships we have established in the region we also are fortunate to have developed a strong tenant representation practice advising office and industrial tenants,” says Ruiz. “This deal is especially significant. NeutraLogistics' expansion of its warehouse space in Doral by over 60% is a testament to the company's great leadership and further proof that logistics firms are thriving in South Florida.”