The Real Deal Miami

Ryder renews in Beacon Lakes

January 05, 2011 06:15AM

Ryder Integrated Logistics has renewed a 173,712-square-foot lease at
AMB Codina Beacon Lakes in Miami. The site is located at 11690 NW 105th
Street. John Vaught, CB Richard Ellis’ first vice president and Elsa Heredia, an associate, represented Ryder in the lease, with George Pino of Flagler Real Estate
Services representing landlord AMB US Logistics Fund. The
warehouse supports the operations of Ryder’s customers in Mexico.
“Ryder’s renewal at this Class A AMB property demonstrates that prime
industrial product is moving quickly in key distribution markets,” said
Vaught. The Beacon Lakes project, which was co-developed by AMB and
Flagler, has been the site of several large-scale leases in the last
year. The Village of Beacon Lakes industrial park also closed $2 million
in sales in September. TRD