New logistics warehouse tenants to create 100 jobs in Miami-Dade County
January 5, 2017
Newmark Grubb Knight Frank’s Steven Medwin and Nick Wigoda recently brokered two deals that will support more than 100 employees combined in Miami-Dade County logistics parks.
In the first deal, Hyde Shipping Corp. will relocate its headquarters from 45,000 square feet in Medley to 70,000 square feet at County Line Corporate Park at 3740 West 104th Street in Hialeah. It will occupy a new 200,000-square-foot warehouse. Founded in 1976, Hyde Shipping sails from Port Everglades to Belize, Grand Cayman, Honduras and Cancun, Mexico.
“Hyde Shipping Corporation’s decision to expand its current footprint by nearly 50 percent is largely due to the steady growth of their business of shipping goods to and from the Caribbean and Central America,” Wigoda said. “As ocean freight and logistics businesses continue to grow, we wouldn’t be surprised if they expand further in their new facility.”
Flagler Global Logistics is building the 8 million-square-foot Countyline Corporate Park between Florida’s Turnpike and Interstate 75 in northwest Miami-Dade County. In October, it announced that KLX Aerospace Solutions would locate its 500,000-square-foot headquarters and distribution facility there.
Landlord fills building
Medwin and Wigoda also represented LIT Industrial Limited Partnership as the landlord of 3505 N.W. 107th Avenue in Doral in leasing 112,558 square feet to Seattle-based Expeditors International of Washington, Inc. (NASDAQ: EXPD). The 385,818-square-foot building is now completely full.
Expeditors International will use its new location to distribute goods for two major retailers. It has 331 locations in 109 countries.
“Continued strong demand from consumers in South Florida is driving the expansion of logistics companies. This new lease with Expeditors International of Washington, Inc. demonstrates that trend,” Medwin said.