The Real Deal Miami

SoFla lease roundup: Viacom to move to MiamiCentral & more

VW aftermarket parts distributor signed a 10-year lease in Miami valued at $12M
By Keith Larsen | June 07, 2018 06:30PM

3 MiamiCentral, Gratigny Industrial Park and Weston office building where Postal Center International is moving

Viacom, others head to 3 MiamiCentral

Florida East Coast Industries announced that Viacom Inc. recently signed a lease for 24,000 square feet on the 12th floor of 3 MiamiCentral, bringing the building to 95 percent occupancy.

Viacom’s MTV Latin America plans to move its headquarters to the downtown Miami development. The Confederation of North Central America and Caribbean Association Football (CONCACAF) and Atlantic Pacific Companies also signed leases at MiamiCentral. CONCACAF is taking 17,000 square feet and Atlantic Pacific Companies is leasing 6,000 square feet. The 12-story building is comprised of 95,000 square feet of Class A office space, ground-floor retail and a seven-story parking garage.

3 MiamiCentral is near the southern terminal for Brightline, the high speed passenger rail service offering service between Miami, Fort Lauderdale and West Palm Beach. John Marshall of JLL represented Viacom for the deal.

Brightline is planning to eventually connect to Orlando with its new station at Orlando International Airport.

Auto parts manufacturer inks $12M deal for Gratigny warehouse

Foreign Parts Distributors LLC signed a 152,800-square-foot industrial lease at Gratigny Industrial Park, at 3000 NW 125th Street in Miami.

Easton & Associates’ Jim Armstrong and Mike Waite represented the landlord, 3000 Gratigny Associates LLC, while Daniel P. Cook, owner and President of Cook Commercial Realty, Inc., represented the company. The 10-year lease deal is valued at $12 million.

Foreign Parts Distributors was founded by Steve Feig in 1972 as a Volkswagen aftermarket parts distributor and is one of the largest VW parts distributors in the country, according to its website. It will occupy the space in 2019, relocating from 545 West 18th Street in Hialeah.

Postal Center International heads to Weston

Postal Center International, a print, mail and marketing company, will move to a 224,650-square-foot office building at 2965 West Corporate Lakes Boulevard.

Representatives for Cushman & Wakefield negotiated the lease on behalf of PCI and CBRE represented the landlord, Teachers Insurance and Annuity Association of America (TIAA). Build-out will begin in six to eight months and the planned move-in date is scheduled for early summer 2019.

The climate-controlled building offers about 30,000 square feet of office space, 30-foot clear heights, 32 dock-high doors, two oversized drive-in ramps, and 296 parking spaces.