Vanguard Picks Flagler for Build-to-Suit

MIAMI—Vanguard Logistics Services is moving into a 135,000-square-foot building at Flagler Station. The logistics services provider entered a build-to-suit agreement with Flagler Global Logistics at South Florida's largest business park.

“Vanguard is currently operating in two buildings in Medley and was looking to consolidate with a more efficient single-building layout,” Charlie Barton, a managing principal at Cresa South Florida, tells GlobeSt.com. “After an exhaustive 18-month search, we found a site that allowed Vanguard to be the single occupant allowing for input on building design and control of the entire building and a secured  truck yard.”

Vanguard also explored various sites in Medley, Northwest Miami-Dade and the Airport West market before settling on Flagler Station. Barton says Flagler Station offered Vanguard the “right combination of location, pricing, design and timing.”

Flagler Station is located in the Airport West market. The newer industrial buildings in the park generally have rear-loading bays, up to 30-foot ceiling heights, and 10 percent of space reserved for office use. Railway access is right in the park, and air and sea transport is just minutes away. Industry leaders including, Ryder System, LagasseSweet and FedEx, among many others, continue to call Flagler Station home.

“Newer generation industrial buildings are offering higher ceilings, better lighting, more doors, fewer columns and wider spacing, and better security,” says Barton. “The availability of existing space in the area to accommodate Vanguard's precise requirements were limited, making a build-to-suit  the best solution. Vanguard can design its new home to exact specifications without a significant impact on key delivery dates.”

Cresa's Orange County team, including Wayne Lamb, Jeff Cecil, and Jonti Bacharach, led the efforts for Vanguard. Cresa South Florida supported the leasing efforts locally.