MIAMI—Prologis International Corporate Park, which spans 350,000 square feet, is now fully occupied. State Street Realty leased up the remaining 100,000-plus square feet at the class A industrial business park in November.

State Street president George Pino, along with senior vice president Ed Lyden and senior associate Jesus Cortes, represented the landlord, Prologis. Prologis International Corporate Park is located at 10400 NW 19 Street, Doral, FL.

“With current market vacancy rates for class A product in the Miami Airport West submarket under 50,000 square feet at less than 2%, we decided to multi-tenant this building at Prologis ICP to enhance its long-term value,” says Pete Crovo, market officer for Prologis Florida. “Limited supply and light speculative development will likely lead to a continuation of rental growth through 2014.”

Recent leases include 53,760 square feet of warehouse space to NNR Global Logistics USA. Steve Digiacomo of Digiacomo Group and Gabriel Garcia-Menocal of NAI Miami represented the tenant. Southern Paper, LLC leased 20,160 square feet of warehouse space. Luis Marquez of Casal Group represented the tenant. And Weiss-Rohlig USA LLC leased 26,880 square feet of warehouse space. David Albert of CBRE represented the Tenant.

“By understanding exactly what these customers' needs are along with sharing our clients resolve to meet the tenant's needs allowed us to negotiate deals that were a win-win for both the landlord and tenants,” says Pino. The park is located in the heart of the Miami Airport West submarket within minutes of the MIA cargo area, Port of Miami and all major roadways.