Beacon Station Inks New Industrial Leases Totaling 68,906 SF

MIAMI-Four companies have just signed leases totaling 68,906 sf of industrial space at Beacon Station near the city. Three of the four are new deals. The four leases have an estimated combined value of approximately $2.3 million.

Pedro J. Garcia and Stuart Gordon of Codina Realty Services Inc. ONCOR International represented Flagler Development Co., which owns Beacon Station, in the transactions.Suncoast Post Tension signed a new lease for 38,648 sf of industrial space at 10255 N.W. 115th Way. This long-term deal is estimated to be worth approximately $1.57 million. Tom Kimen of Easton and Associates Inc. represented Suncoast Post Tension in the transaction. In addition, the Postcard Factory Inc. leased 5,938 sf of industrial space at 10125 N.W. 116th Way. This mid-term deal also was a new lease and has an estimated value of about $149,600. Clayton Clavette of Clavette Real Estate Group represented The Postcard Factory.

Key West Aloe signed a lease for 13,120 sf of industrial space at 9955 N.W. 116th Way. This mid-term lease was a new deal estimated to be worth approximately $314,800. Michael Sigerman of Lucky Commercial Realty Co. represented Key West Aloe. And in the fourth deal, Rodi Cargo leased 11,200 sf of industrial space at 11701 N.W. 102nd Rd. This mid-term renewal deal is estimated to be worth about $273,000. There was no co-broker in this deal.

Garcia and Gordon completed another new deal recently, when they leased 24,866 sf of industrial space to Makita Latin America at Beacon Station. J.C. Conte of CB Richard Ellis represented Makita in that deal.

Beacon Station, South Florida’s largest business park, will have approximately nine million sf of commercial and industrial space and amenity retail on 960 acres at full build-out. Currently, the park has 4.5 million sf. Beacon Station typically signs mid-term deals and has an average asking rental rate of between $5.40 and $6.35 per sf gross.