MIAMI-Econocaribe, a warehousing distribution company, which handles commodities, signed an 144,000-square-foot lease at the 400,000-square-foot Airport East Distribution Center in Miami’s Central Miami-Dade submarket east of Miami International Airport. The 40-year-old building, which was a former Associated Grocers facility, recently underwent a $3 million renovation

Econocaribe has been in this submarket for several decades and needed a larger facility with more truck-loading space and a larger yard in which to store trailers, says Michael Silver, first vice president at CB Richard Ellis in Miami, who was the broker for the landlord, the Terranova Corporation and joint venture partner, Blackrock, a publicly traded asset management company.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.