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MIAMI-Mac-Gray Corp. has leased 18,490 sf of office/warehouse space at 3810 Executive Way in Miramar Park of Commerce in Miramar, FL. The five-year deal is valued at an estimated $734,000, based on the average rental rate for the submarket in the year-end Broward County industrial report by Cushman & Wakefield.

Insignia/ESG broker Ron Berger, managing director of industrial services, represented Mac-Gray Corp. in the transaction. Maridee Bell and Carol Barany of the property owner and developer, Sunbeam Properties of Miami, represented the park.

Seventy-five-year-old Mac-Gray Corp., based in Cambridge, MA, sells, leases and installs commercial laundry equipment. The company has 40 employees in Miramar Park of Commerce, and serves the South Florida region, spanning from the Florida Keys to Sebastian. The company had been sub-leasing space in the park for four years.

Miramar Park of Commerce has more than 4 million sf completed and is the biggest corporate park in Broward County.

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