Aviation repair firm inks 39k sf lease in Medley

An aviation repair firm just secured a 38,900-square-foot warehouse lease in Medley, Transwestern announced this week.

TMC Engine Center, an affiliate of the Florida-based FAA Repair Station, signed the lease for space at the warehouse at 8545 Northwest 79th Avenue. It marks a 10 percent increase in size for TMC, which is relocating from an industrial building at 7905 Northwest 77th Avenue.

Transwestern’s Walter Byrd, Ben Eisenberg, Thomas Kresse, and Carlos Gaviria represented the tenant. Vivo Group represented the landlord, Lucky Industrial Park.

TMC is taking more than half of the 68,129-square-foot warehouse, which was built in 1997.

Demand for industrial space in the Airport West submarket is strong, brokers say, due to limited access to land and low vacancy rates. A first quarter report from Colliers International South Florida predicts about 2 million square feet of warehouse space will be delivered in Medley and Doral over the next two years.

More recent leases in the area includes Subway Latin America & Caribbean’s 21,111-square-foot lease at Doral Concourse. Cushman & Wakefield handled that deal.

Last week, Dallas, Texas-based Lincoln Property Co. added the Miami International Logistics Center to its portfolio for $27.4 million – more than two times its last sale – and a warehouse at 6095 Northwest 72nd Avenue sold to a South Carolina-based trucking company for $8.45 million. – Amanda Rabines