Transwestern’s South Florida industrial team recently 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 of the tenant, AAR Aircraft Services, a leading independent provider of aviation services to commercial and government customers in more than 100 countries.
Transwestern Managing Director Thomas Kresse, Senior Managing Directors Walter Byrd and Ben Eisenberg, and Vice President Carlos Gaviria negotiated the transaction at MICC on behalf of the landlord, PS Business Parks.
“MICC’s location, less than two miles from Miami International Airport, played a major factor in AAR’s decision to relocate,” said Kresse.
“In addition, we were able to accommodate the tenant’s space requirement and offer a generous parking ratio.”
Miami-Dade County remains one of the nation’s tightest industrial markets, with the Airport West/Doral submarket at 4.1 percent vacancy as of first quarter 2018, according to research by Transwestern.
Transwestern is a privately held real estate firm specializing in agency leasing, tenant advisory, capital markets, asset services and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate.
For information, visit www.transwestern.com and @Transwestern.