The company is relocating to the property at 11800 N.W. 102ndRd. from Broward County.
Makita Latin America, which distributes power tools to theCaribbean and Latin and Central America, inked a five-year deal;and based on the average asking rental rate that ranges from $5.40to $6.35 per sf gross at Beacon Station, the lease is estimated tobe worth approximately $727,330.
The company chose Miami-Dade County because it was able to savemore than $2 a sf for comparable distribution space, saysJean-Claude Conte, a broker involved in the transaction.
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
*May exclude premium content
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.
