Aviation repair firm inks 39k sf lease in Medley

TMC Engine Center is expanding and relocating from another building in Medley

Miami /
Jun.June 20, 2017 01:00 PM

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


Related Articles

arrow_forward_ios
Realterm Logistics CEO Robert Fordi and the vacant lot at the intersection of northwest 104th Street and northwest 95th Avenue (Realterm, Ferreira Construction)
Medley industrial site trades for 4x its 2017 price
Medley industrial site trades for 4x its 2017 price
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Terreno Realty's W. Blake Baird with 8050 Northwest 90th Street (LinkedIn, Google Maps)
Lender sells foreclosed aviation maintenance site in Medley for $20M
Lender sells foreclosed aviation maintenance site in Medley for $20M
Miami City Self Storage's Steve Garchik, Jay Massirman and Megacenter Palmetto at 8600 Northwest South River Drive in Medley (Miami City Self Storage, Google Maps, SJM Partners)
Miami self-storage firm buys Medley industrial site for $38M
Miami self-storage firm buys Medley industrial site for $38M
Link Logistics' Luke Petherbridge with 115.7-acre site at 21001 Northwest 27th Avenue (LinkedIn, Google Maps)
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
EverWest Real Estate Investors' Rick Stone and Tyler Williams; rendering of the newly built industrial property at 10900 Northwest 146th Street in Hialeah Gardens (Commercial Property Group, EverWest Real Estate Investors, iStock)
EverWest buys Hialeah Gardens industrial building for $43M
EverWest buys Hialeah Gardens industrial building for $43M
First Industrial Realty's Peter E. Baccile with 1801 North Andrews Avenue (First Industrial Realty Trust, Colliers, iStock)
First Industrial picks up Pompano Beach manufacturing facility for $25M
First Industrial picks up Pompano Beach manufacturing facility for $25M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...