Press Release

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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South Florida’s Real Estate Market Fueled by Strong Demand for Industrial Warehouses

MIAMI—The industrial real estate market in South Florida continues to show no sign of weakness, posting robust leasing and investment demand and an impressive development pipeline. Newmark Knight Frank Steve Medwin, executive managing director, South Florida, tells Globest.com that the region’s industrial market saw substantial growth in demand in the second quarter with positive net…

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NKF Miami Industrial Team Represents AAR Aircraft Services In New 50,000 SF Lease

MIAMI- Transwestern’s South Florida industrial team has secured a new, long-term lease for 50,000 square feet at Miami International Commerce Center (MICC), a 3.5 million-square-foot industrial park at 7850 NW 25th St. in Doral. The lease represents the relocation for the tenant, AAR Aircraft Services, a leading independent provider of aviation services to commercial and…

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NKF Miami Industrial Team Advises Owner on $7.4 Million Warehouse Sale

Arctic Partners Sells Medley Property to Black Creek Group Miami, FL (April 19, 2018) — Newmark Knight Frank (NKF) today announced that its South Florida industrial brokerage team advised Arctic Partners on the recent $7.4 million sale of its warehouse property to an investment platform sponsored by Black Creek Group, LLC. “Through a competitive capital…

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