search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
South Florida

Large lease signed at Flagler Station

Flagler Station
Flagler Station

International freight forwarding company Krystal Logistics is set to nearly double the size of its industrial occupancy at Flagler Station in Medley.

Krystal signed a 78,000-square-foot lease at the future Building 36 in the business park, according to Monday’s written announcement from CBRE, which represented the tenant. The company is currently in a 46,000-square-foot facility at Flagler Station. It is scheduled to move to a new distribution facility under construction at Northwest 91st Street and 117th Avenue during the fourth quarter of 2014.

Sign Up for the undefined Newsletter

CBRE brokers David Albert, Devin White and Andrew Lehrer represented Krystal. Flagler’s Chris Sutton represented the landlord.

“With several new Class A projects under construction between Doral and Medley, there is fierce competition amongst the developers for larger tenants, defined as those that are greater than 50,000 square feet,” White said. — Eric Kalis

Tags
CBREFlagler