X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Crystal Proenza is associate editor of Real Estate Florida.)

MIAMI-Miami International Freight Solutions has signed a 75,000-sf lease at the largest vacant industrial space in the county, Centergate at Gratigny Business Park. MIFS has the option to expand that lease space up to 500,000 sf in the next few months, according to Jose I. Aguirre, chief operating officer of the logistics company.

Currently, MIFS is the only lease signed at the 978,000-sf industrial building. Owned by Higgins Development Partners, the 1.6-million-sf business park located in Miami’s Airport North submarket is poised to announce more deals over the next few months.

“We are expecting almost the entire building to be occupied by the end of the year,” says Jose I. Juncadella, principal of Coral Gables-based commercial brokerage firm Fairchild Partners Inc., who represented Higgins in the deal. Rental rates and other terms of the lease are not being disclosed.

“The usage of the space is ideal for us as we move cargo through our warehouse that is destined mostly to Latin America,” explains Aguirre, highlighting the facility’s accessibility to Miami Airport, the Port of Miami and Port Everglades. The partners responsible for MIFS, which officially formed last month, have been involved in the industrial logistics business in South Florida for more than 50 years. They previously owned Miami International Forwarders, which was sold five years ago to Eagle Global Logistics, says Aguirre, adding that they had a five-year non-compete agreement when they sold their previous business.

“This is our first facility with this company and we plan to work with agents around the world,” says Aguirre. MIFS is already operating at its Centergate location and specializes in air and ocean freight, contract logistics, distribution and supply chain management and customs brokerage.

With the signing of the new lease, and more to come, Higgins Development is in the process of planning two additional warehouse and office facilities totaling 630,000 sf on the site.

“Room for growth is one of the keys to success for businesses in a dynamic market like South Florida,” said Andres Miyares, manager of the company’s South Florida operations, in a release. “As one of the region’s largest industrial parks-and with further plans for development in the works-Centergate at Gratigny offers tenants unlimited potential.”

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?

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.