KLX Aerospace Solutions signed a 500,000-square-foot build-to-suit lease for its new South Florida headquarters. KLX Aerospace Solutions signed a 500,000-square-foot build-to-suit lease for its new South Florida headquarters.

SOUTH FLORIDA—KLX Aerospace Solutions signed a 500,000-square-foot, build-to-suit lease for its new global headquarters and distribution hub. According to GlobeSt.com sister publication, ALM's Daily Business Review, it is the second largest real estate transaction inked in South Florida this year.

The Doral-based company, which supplies aerospace fasteners and consumables worldwide, will add 100 jobs to its existing 600 as it expands from its existing facility to the newly built digs in Medley, KLX recently revealed Wednesday.

The company's new building will be built by Flagler Global Logistics, part of Florida East Coast Industries, at the intersection of Northwest 107th Street and 97th Avenue. The property southeast of Florida's Turnpike Extension and Beacon Station Boulevard is in a new business park.

“This is South Florida growing up,” said Matthew Cheezem, managing director of JLL in Miami. Cheezem, who represented KLX in the deal, said the high-value, long-term lease is a testament to the region's evolution into a business hub.

Click here to read the full article at the Daily Business Review.

The industrial sector has become the hottest segment in commercial real estate. How will logistics companies keep up with the market forces of omnichannel commerce? When will new supply finally catch up with demand? Who's putting investment capital into industrial and what does the future hold? Join us at RealShare Industrial on November 16 and 17 for answers to these and other questions. Learn more.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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
NOT FOR REPRINT

© 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.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.