DELRAY BEACH, FL-Locally based Office Depot Inc. has executed three lease renewals for warehouse/distribution space aggregating 394,400 sf at locations in three states. Harry E. Wardell and Steven J. Medwin of Miami-based Lincoln Property Co. represented the retailer in all three transactions.

The same Lincoln duo also represented building owner Time Equities Inc. in a 10-year renewal by Security Plastics Inc. for the entire 106,000-sf building at 14429 NW 60th Ave. in Miami Lakes. While neither broker would disclose the individual values of these transactions, Wardell tells GlobeSt.com the four deals have an aggregate value in excess of $12 million.

The Office Depot leases include a five-year renewal for 48,400 sf at 2955 W. Corporate Lakes Blvd. in Weston. Wardell says this lease represents about half the space in the property, which now remains fully leased. Larry Dinner of the Atlanta office of Industrial Developments International represented IDI, the owner, in house.

The other Office Depot leases are a 189,000-sf renewal at 16301 S. Exchange St. in Lansing, IL, as GlobeSt.com previously reported, and a 157,500-sf renewal at 5809 Long Creek Park Dr. in Charlotte, NC. No other brokers were involved in these transactions.