The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean. Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
Much of the cold-storage sector’s growth is likely to occur in gateway markets such as Los Angeles and the New York City metropolitan area, as well as leading food-production states, such as California, Washington, Florida, Texas and Wisconsin. CLICK ON THE HEADLINE FOR MORE
Transwestern Commercial Services (TCS) announced a 364,608-square-foot, long-term lease renewal with CEVA Logistics at 5601 N.W. 72nd Ave. in Miami. TCS South Florida industrial team Managing Director Thomas Kresse, Executive Managing Directors Ben Eisenberg and Walter Byrd, and Vice President Carlos Gaviria provide industrial leasing services on behalf of the landlord, Clarion Partners.
Ram Tool Construction Supply Company, a specialty construction supply distributor, inked a long-term, 30,465-square-foot lease at 1600 NW 102nd Avenue in Doral, within International Corporate Park. The 30,465 square foot facility includes ±8,674 square feet of existing office and is situated on a ±4.02 acre site.
The Latin Builders Association has perhaps gotten the biggest jump-start on young recruits. It opened a charter high school in 2012 in partnership with Miami-Dade County Public Schools. CLICK ON THE HEADLINE FOR MORE