Press Release

NKF Completes 39,043 SF Industrial Lease for BSI in South Florida

Newmark Knight Frank (NKF) has announced a 39,043-square-foot headquarter industrial lease at Hillsboro Technology Center in Deerfield Beach, Florida for Best Security Industries (BSI), a privately held retail security company that provides both new and certified pre-owned Electronic Article Surveillance (EAS) technologies for businesses. Located at 550 Hillsboro Technology Drive, the Class A industrial facility…

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NKF Brokers Lease for 157,400-SF Industrial Building

Newmark Knight Frank (NKF) has brokered the lease for an entire 157,400-square-foot industrial building at Eastview Commerce Center, a new 800,000-square-foot industrial park in Miami, being developed by Panattoni Development Company. Mr. Greens Produce, the largest privately-owned produce distributor in Florida, will fully occupy Building 1 within the Class A industrial park. The company will triple the size…

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NKF Brokers Two Industrial Leases Totaling 170,000 SF in Medley, Florida

Newmark Knight Frank (NKF) announced today the completion of two industrial leases totaling 170,000 square feet and valued in excess of $16 million. Both leases were executed at Medley Logistics Park, a three-building industrial development in Medley, Florida. The buildings are located at 12600 NW 115th Avenue and 12630 NW 115th Avenue. A national warehousing and distribution company renewed its 134,000-square-foot lease at the park,…

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NKF Completes Sale of 69,834-Square-Foot Industrial Warehouse in Medley, Florida for $9.75 Million

Newmark Knight Frank (NKF) announced today it completed the sale of a 69,834-square-foot freestanding industrial warehouse in Medley, Florida for $9.75 million. BRW Floors, Inc., a high-end hardwood flooring distribution business, sold the building to Black Creek Group, a Denver based real estate investment manager and development firm. The sale comes as investors continue to…

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Aerospace firm expands its South Florida headquarters, creates 100 jobs

AAR Landing Gear has expanded its Medley headquarters and will add 100 more employees, according to Newmark Knight Frank. The company, a subsidiary of Wood Dale, Illinois-based AAR Corp. (NYSE: AIR), extended its lease at Medley Commerce Center by 10 years and expanded by 17,000 square feet to now total 177,000 square feet. It has…

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Vivex Biomedical Leases New Space in Eastview Commerce Center – Bldg 3

Vivex Biomedical , a Georgia-based medical research firm, signed a lease deal in the new industrial building at 2290 NW 119th St. in Miami.  The tenant will take 78,600 square feet in the 98,200-square-foot property. Eastview Commerce Center – Building 3 is part of a recently constructed, six-building business park in the North Miami Beach…

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South Florida Fundamentals Fuel Strong Growth for Industrial Real Estate Market

What’s behind industrial warehouse growth? Warehouses, distribution centers, and industrial space for rent have been real estate’s hottest commodity this year. Strong tourism, construction activity and e-commerce growth in South Florida have been the driving forces behind industrial real estate growth in 2018. Increased demand for warehouses and lower area vacancy rates coupled with the…

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International Visitors Fuel South Florida Industrial

Overseas consumers are boosting the retail sector and, as a result, the warehouse and distribution center market in metro Miami. In addition to supporting retail real estate such as Sawgrass Mills, the second-largest tourist destination in Florida after Disney World, and American Dream Miami, the largest proposed mall in the U.S., South Florida’s international tourism…

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