Industry watchers are calling it a testament to the region's strong industrial market.

MIAMI—Medley Logistics Park just inked a $30 million long-termlease renewal. Industry watchers are calling it a testament to theregion's strong industrial market.

The industrial park, a 670,000-square-foot three-buildingproject is located in the Greater Miami area. Newmark GrubbKnight Frank executive managing directors Steven Medwinand Nick Wigoda represented the landlord. DavidAlbert of CBRE represented the tenant, BelUSA.

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