Lincoln Property Co. Completes 92,550 SF Industrial Lease in Miami
The landlord company has secured a tenant for the multi-tenanted, Medley 104 industrial center, following a $6.5 million renovation.
MEDLEY, FL – Cushman & Wakefield has arranged a 92,550-square-foot lease within a newly-renovated, industrial facility in Medley, FL, on behalf of the property’s landlord, Lincoln Property Co.
US PLY Inc. signed the lease agreement and secured the space within the multi-tenanted, 263,131-square-foot, Medley 104 Industrial Center.
Located at 9400 NW 104th St. in the Miami submarket, the industrial building recently underwent a $6.5 million renovation.
Within the center, US PLY Inc. will join current tenant, Artefacto, which occupies 98,478 square feet of space. The industrial asset was previously tenanted by CVS’s headquarters and distribution.
Cushman & Wakefield’s executive managing director, Wayne Ramoski, managing principal, Gian Rodriguez and senior associate, Skylar Stein represented Lincoln Property Co. in the lease agreement. JLL’s Matt Maciag, Brian Smith and Audley Bosch represented US PLY Inc. in the transaction.
“This is our second lease in this facility with credit companies, which confirms Lincoln’s repositioning strategy of this asset,” says Ramoski.
The property’s remaining, unoccupied 72,103 square feet of space features 25-foot ceiling heights, new office space, 20 dock doors, a 132-foot secured rear truck court, ESFR sprinklers, new mechanical systems and LED energy efficient lighting. The available space is positioned for distribution and light manufacturing.
