Colliers South Florida Arranges Two Industrial Leases Totaling 127,000 SF in Miami-Dade
Leases on behalf of Seaboard Solutions and MSH highlight continued tenant demand
7850 NW 80th Street in Medley. The new space serves as an expansion of its approximately 268,000 square feet of existing space with Prologis and will enable the company to accommodate the growth of its customers. The growing demand of customers caused Seaboard Marine, Ltd. and subsidiary Seaboard Solutions to enhance its cargo ship and land-based transportation services from South Florida to the Caribbean and Latin American ports they serve. Seaboard Marine, LTD has been a client of Kingsley since 2002.
In addition, Kingsley and Goggins advised Maintenance Supply Headquarters (MSH) in a long-term, 97,183 square foot lease in the newly-developed Gateway Commerce Park, located at 1624 NW 215th Street in Miami Gardens. A division of Lowe’s, MSH is a supply house for multi-family apartment complexes. MSH strategically entered South Florida with this new lease, bringing them closer to its customers. Landlord Eastgroup Properties’ new development was selected due to its close proximity to the major road systems that provide access to all of South Florida, streamlining delivery and product transport.
The respective landlords for each transaction were represented by Brian Smith and Audley Bosch of JLL.
“In a tight market, full transparency and responsiveness throughout the negotiations are extremely important to create successful outcomes for the clients,” added Kingsley. “Having collaborated with Brian and his team on multiple transactions in the past, our clients were able to benefit from our established rapport and collective experience to deliver the very best solutions.”