Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Beacon Station, Florida’s largest business park, has leased another 127,534 sf in six separate deals aggregately valued at an estimated $3.38 million, bringing its 4.5 million-sf inventory to 94% occupancy.

Officials at Jacksonville, FL-based Flagler Development Co., the park’s owner, refused to disclose lease terms except to say the leases were mid-term or about five years each in length. Rents are $5.40 per sf to $6.35 per sf.

The six new tenants are Marlin Showcase Co., which leased 65,794 sf of office/warehouse at 9851 N.W. 106th St. The estimated lease value is $1.93 million; Southport C.F.S. Corp., 26,300 sf at 11825 N.W. 102nd Road, estimated value $618,576; International Freight Services, 14,400 sf at 10125 N.W. 116th Way, estimated $338,688; TY & TY & TY Inc., 11,040 sf at 11700 N.W. 102nd Road, estimated $259,661; USA Carriers Inc., 6,000 sf at 11701 N.W. 102nd Road, estimated $141,120; Alaso USA Corp., 4,000 sf at 10100 N.W. 116th Way, estimated $94,080.

All of the tenants are based at the park except USA Carriers whose headquarters are in Fort Wayne, IN.

Pedro J. Garcia and Stuart T. Gordon of Codina Realty Services Inc. ONCOR International represented Flagler in all six transactions. Bob Comunale of Industrial Group Realty Inc. negotiated for Southport C.F.S. Corp. Jim Armstrong of Easton & Associates represented TY & TY & TY. Jay Ziv of Abood Wood-Fay Realty Group Inc. handled USA Carriers.

There was no co-broker in the Marlin Showcase Co., Alaso USA Corp. or International Freight Services transactions.

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


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.