Cushman & Wakefield's Wayne Ramoski

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MIAMI—Demonstrating the strong demand for industrialspace in Miami, the first of four buildings at Airport NorthLogistics Park (ALP) has reached full occupancy. The new leasemarks the second tenant to sign in the past two months.

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Cushman & Wakefield executive director WayneRamoski and associate director Gian Rodriguezrepresented the owner, Airport North Industrial, in the long-termlease. Eco Window Systems leases 149,980 square feet of space.Americas Commercial Real Estate represented Eco WindowSystems. Eco Window Systems is relocating from Medley InternationalBusiness Park and doubling the size of its Miami-Dade distributioncenter.

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“ALP met Eco Window Systems' need to expand into astate-of-the-art warehouse and distribution facility with excellentaccess to South Florida's transportation network,” Ramoski tellsGlobeSt.com. “ALP continues to generate tremendous interest and weexpect leasing activity in the park to remain strong as we moveforward with the construction of buildings two and three.”

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ALP is a 900,000-square-foot, class A industrial park inthe first phase of development in Miami's Airport North/Medleymarket. The 45-acre master-planned industrial park sit at8502 Northwest 80th Street. That's near Miami International Airportand Port Miami. Phase One of the project offers warehouse anddistribution space in four separate buildings.

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Eco Window Systems took space in building one, a rear-load,multi-bay facility offering built-to-suit office space, a120-foot unshared concrete truck court, clear heights up to 34feet, 57 overhead doors, two ramps, generous column spacing, a60-foot staging bay, ESFR sprinkler system, 227 parking spaces andT–5 energy efficient lighting. The company manufacturesimpact-resistant windows and doors.

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In April, Ramoski and Rodriguez landed the first tenant at ALP,negotiating a 106,000-square-foot expansion lease with Neutralogistics, alogistics company specializing in freight management, imports,exports, trucking, warehousing, distribution and brokerage.

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Construction on buildings two and three, which total about503,200 square feet combined, will start this summer. The buildingsare set to come online by mid–2017.

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Cushman & Wakefield research shows the Miamiindustrial market remains strong with demand for warehouseand distribution space leading the way. The firm reports demand forhigh-quality industrial space with ceiling heights north or 32 feetand direct access to the logistics network remained high.

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“The overall vacancy rate in the Miami-Dade County industrialmarket declined by 150 basis points year-over-year on strong tenantdemand for warehouse/distribution space,” CushWake senior researchanalyst Bradly Pape wrote in the firm's recently released firstquarter 2016 Miami Industrial MarketBeat Snapshot. “The firstquarter ended at 4.9%, the lowest the rate has been since the firstquarter of 2007.”

|

Cushman & Wakefield's Wayne Ramoski

|

MIAMI—Demonstrating the strong demand for industrialspace in Miami, the first of four buildings at Airport NorthLogistics Park (ALP) has reached full occupancy. The new leasemarks the second tenant to sign in the past two months.

|

Cushman & Wakefield executive director WayneRamoski and associate director Gian Rodriguezrepresented the owner, Airport North Industrial, in the long-termlease. Eco Window Systems leases 149,980 square feet of space.Americas Commercial Real Estate represented Eco WindowSystems. Eco Window Systems is relocating from Medley InternationalBusiness Park and doubling the size of its Miami-Dade distributioncenter.

|

“ALP met Eco Window Systems' need to expand into astate-of-the-art warehouse and distribution facility with excellentaccess to South Florida's transportation network,” Ramoski tellsGlobeSt.com. “ALP continues to generate tremendous interest and weexpect leasing activity in the park to remain strong as we moveforward with the construction of buildings two and three.”

|

ALP is a 900,000-square-foot, class A industrial park inthe first phase of development in Miami's Airport North/Medleymarket. The 45-acre master-planned industrial park sit at8502 Northwest 80th Street. That's near Miami International Airportand Port Miami. Phase One of the project offers warehouse anddistribution space in four separate buildings.

|

Eco Window Systems took space in building one, a rear-load,multi-bay facility offering built-to-suit office space, a120-foot unshared concrete truck court, clear heights up to 34feet, 57 overhead doors, two ramps, generous column spacing, a60-foot staging bay, ESFR sprinkler system, 227 parking spaces andT–5 energy efficient lighting. The company manufacturesimpact-resistant windows and doors.

|

In April, Ramoski and Rodriguez landed the first tenant at ALP,negotiating a 106,000-square-foot expansion lease with Neutralogistics, alogistics company specializing in freight management, imports,exports, trucking, warehousing, distribution and brokerage.

|

Construction on buildings two and three, which total about503,200 square feet combined, will start this summer. The buildingsare set to come online by mid–2017.

|

Cushman & Wakefield research shows the Miamiindustrial market remains strong with demand for warehouseand distribution space leading the way. The firm reports demand forhigh-quality industrial space with ceiling heights north or 32 feetand direct access to the logistics network remained high.

|

“The overall vacancy rate in the Miami-Dade County industrialmarket declined by 150 basis points year-over-year on strong tenantdemand for warehouse/distribution space,” CushWake senior researchanalyst Bradly Pape wrote in the firm's recently released firstquarter 2016 Miami Industrial MarketBeat Snapshot. “The firstquarter ended at 4.9%, the lowest the rate has been since the firstquarter of 2007.”

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