X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Three independent freight-forwarding companies have signed five-year leases, valued at between $1.8 million to $2.1 million, for a total of 63,539 sf of industrial-warehouse space in the 960-acre Beacon Station at Gran Park in the Medley submarket.

Pedro J. Garcia and Stuart T. Gordon, brokers with Codina Realty Services Inc. ONCOR International, represented the property owner, Flagler Development Co., a subsidiary of Jacksonville, FL-based Florida East Coast Industries Inc. The operating division of Miami-based Codina Group Inc. is the site’s exclusive leasing agent.

Of the three contracts, Garcia and Gordon negotiated a contract extension with Penser Transportation for 26,000 sf. In another deal, Viking Forwarders Inc. leased 24,039 sf, with Patrick O’Hare of Florida Corporate Realty representing the tenant. And Despec Americas Inc. leased 13,500 sf of space in the industrial park, with the Doran Jason Group Inc. representing the tenant.

Now in phase-two development, Beacon Station commands from $5.60 per sf to $6.50 per sf for industrial-grade space. Around 2.5 million sf has been constructed at the site. Phase-two development proposes another 6.5 million sf, with 4.5 million of that amount slotted as industrial product. Another 1.5 million sf of office space also is planned.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.