Press Release

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…

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,…

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…

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…

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…

Panattoni Development Company broke ground on the final phase of the Eastview Commerce Center, adding 446,800 square feet of industrial space to the North Miami Beach submarket. Located at NW 119th St. in Miami, Florida, the new space will be spread across three proposed buildings. One of those is Building 4 (rendering, above) which will…

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…

Ice River Springs, a bottled water company producing private-label brands, including “Ice River Green,” expanded its 145,000-square-foot lease by 50,000 square feet at 10701 Northwest 140 Street. The company was represented by Newmark Knight Frank. Source: The Real Deal

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…