The Real Deal Miami

Check out this week’s big South Florida leases

Freight company, luxe perfume company among businesses striking deals

April 18, 2016 03:45PM
By Sean Stewart-Muniz

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Cypress Financial Center in Fort Lauderdale

Cypress Financial Center in Fort Lauderdale

As vacancies continue to drop in South Florida’s real estate markets, landlords are inking noteworthy deals seemingly every week. Check out a roundup of some of the region’s biggest leases after the jump.

Airport North Logistics Park Phase One

Airport North Logistics Park Phase One


Neutralogistics, a rapidly growing freight management company, is the first-ever announced tenant for the newly built Airport North Logistics Park at 8501 Northwest 80th Street near the Miami International Airport.

The company inked a five-year deal for 105,920 square feet of warehouse space at the projects’ 900,000-square-foot phase one. Some of the project’s features include built-to-suit office space, 57 overhead doors, “generous” column spacing and a 60-foot staging bay.

Neutralogistics, which specializes in importing/exporting goods, is expanding from its 50,363-square-foot headquarters in Doral — which it occupied two years ago.

Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield represented landlord L&B Realty Advisors, while Juan Ruiz of Blanca Commercial Real Estate brokered the deal on behalf of Neutralogistics.

1780 Northwest 15th Avenue

1780 Northwest 15th Avenue

Super Restoration Service Company

Prologis, the country’s largest industrial real estate owner, just signed on a new tenant at its Pompano Center business park in Pompano Beach.

The company granted a 18,365-square-foot lease in Building 4 to the Super Restoration Service Co., a repair company that fixes everything from mold damage to fallout from a property fire.

Super Restoration was represented by Frank Trelles and George Pino of State Street Realty, while Prologis was repped by Thomas Viscount of Butters Realty.

Building 4, at 1780 Northwest 15th Avenue, measures 60,740 square feet in total and 10-foot dock doors, hurricane impact windows and 40-foot by 40-foot column spacing.

Cypress Financial Center

Cypress Financial Center

JLL closes new leases at Cypress Financial Center

Landlord Steelbridge Capital recently inked new leases and renewals at its Cypress Financial Center in Fort Lauderdale.

The 198,528-square-foot office building is now 84 percent occupied, according to an announcement from listing brokerage JLL. Located at 5900 North Andrews Avenue, the 11-story building was first put up in 1988 and was recently refinanced with a $33 million loan.

Among the deals: Parlux Fragrances, a ritzy distributor of perfumes, renewed its 19,072-square-foot lease, while Morgan Real Estate inked a new deal for 1,394 square feet.

JLL’s Sandra Anderson represented the landlord, while the brokerage’s Rod Loschiavo and Lauren Gallart represented Parlux.