Lease roundup: Cold storage firm leases Bridge Industrial’s Hialeah facility

In other deals, glass and aluminum maker takes Miami Lakes space, Latin American co-working operator opens on Brickell

Miami /
Mar.March 14, 2022 09:45 AM
Hialeah (Bridge Industrial, Illustration by Shea Monahan for the Real Deal)

Hialeah (Bridge Industrial, Illustration by Shea Monahan for the Real Deal)

FreezPak I Bridge Point Cold Logistics Center | Hialeah

Bridge Industrial leased the entirety of its cold storage speculative project in Hialeah to food logistics company FreezPak.

New Jersey-based cold and dry-storage provider FreezPak leased the entire 312,103-square-foot Bridge Point Cold Logistics Center, which is under construction and is expected to be completed in the fourth quarter, according to a Bridge Industrial news release.

Gian Rodriguez and Wayne Ramoski of Cushman & Wakefield represented Bridge Industrial in the deal.

This is the first South Florida location for FreezPak, which will hire 150 employees for the Bridge Point Cold Logistics Center. Dave and Mike Saoud are FreezPak’s co-CEOs, according to the release.

Chicago-based Bridge Industrial is developing the cold storage facility in partnership with PGIM Real Estate, the real estate investment and financing arm of Newark, New Jersey-based Prudential Financial. It will span 20 acres at Northwest 162nd Street and 102nd Avenue between I-75 and Florida’s turnpike.

The facility will have 50-foot clear heights, 348-foot building depth, 48 dock-high doors, three grade-level truck ramps, 207 parking spaces, 49 trailer parking stalls, and a high-tech refrigeration system, according to the release.

Trulite Glass & Aluminum Solutions I Miami Lakes Business Park | Miami Lakes

Industrial investor Seagis Property Group leased part of its real estate in Miami Lakes to an architectural aluminum and glass fabricator, Trulite Glass & Aluminum Solutions.

Trulite Glass, which also makes and distributes insulated units and mirrors across North America, took 48,723 square feet at 14300 Palmetto Frontage Road, according to a release from the tenant’s broker. The new space, which will be an aluminum fabrication and delivery facility servicing Florida, is a relocation and expansion from Trulite’s Medley space.

Carlos Gaviria and Walter Byrd of Transwestern Real Estate Services represented Trulite Glass in the deal. Carlos Velasquez and Raydel Enriquez of Vivo Group represented Seagis.

Seagis, based in Conshohocken, Pennsylvania, bought the building at 14300 Palmetto Frontage and the next-door facility at 14240 Palmetto Frontage in 2006 for $11.5 million, property records show.

Mastercard International I 801 Brickell | Miami

Mastercard International renewed its 53,700-square-foot lease at the 801 Brickell building.

Mastercard, which has been a tenant at the tower since 1986, signed a long-term lease deal, according to a release from the landlord’s broker.

Stephen Rutchik and Tom Farmer of Colliers in South Florida represented the owner, Nuveen Real Estate. Tony Jones of Cushman & Wakefield represented Mastercard International.

Nuveen Real Estate is renovating the 28-story building, including remodeling the lobby and common areas, and is transforming the fifth floor with amenities, including conference and wellness centers, and a tenant lounge. It also is expanding ground-floor retail, improving the HVAC system, and providing touchless features, according to the release.

Levine Kellogg Lehman Schneider + Grossman I Miami Tower | Miami

Law firm Levine Kellogg Lehman Schneider + Grossman is moving its headquarters to the Miami Tower in downtown Miami.

The firm leased 7,000 square feet on the 36th floor at the building at 100 Southeast Second Street, marking a relocation from the nearby CitiGroup Center at 201 South Biscayne Boulevard, according to a Levine Kellogg news release.

The move also is an opportunity for the law firm to redesign its office in line with post-pandemic needs and with an eye toward incorporating the latest technology. The new office will have Zoom rooms for remote court hearings and mediations and co-working spaces, the release says.

Adtalem Global Education I Former USA Today printing facility | Miramar

Adtalem Global Education, a Chicago-based for-profit university operator, signed a long-term lease to move its health care and nursing school Chamberlain University to the former USA Today printing facility in Miramar.

Real estate developer and investor CRG owns the property at 10315 USA Today Way and is retrofitting it to create 56,000 square feet of lecture halls, science labs, simulation care centers, an admissions center, faculty offices and student amenities, according to CRG’s website. The property will include 300 parking spots.

Adtalem is leasing the space from CRG, according to media reports.

The school will replace Chamberlain University’s nearby campus, also in Miramar. The property also is expected to house administrative offices for other Adtalem schools, specifically for Ross University School of Medicine, the American University of the Caribbean School of Medicine and the Medical Education Readiness Program.

CRG – which has offices in Chicago, St. Louis, Atlanta and Newport Beach, California, among other locations – sourced the location and bought the land on behalf of Adtalem, according to CRG’s website.

CRG, through an affiliate, bought the 56,087-square-foot building, constructed in 1986 on 7 acres, for $18 million in September, property records show. The seller, Chicago-based Zaragon, had paid $12 million for the property in 2019.

Mamalisa Gelato & Candy I Lincoln Road | Miami Beach

Aby Rosen’s RFR Realty secured ice cream shop Mamalisa Gelato & Candy as a tenant on Miami Beach’s Lincoln Road.

Mamalisa Gelato & Candy leased 574 square feet at 318 Lincoln Road, according to a release from the landlord’s broker.

Brandon Singer and Michael Cody of Retail by MONA represented RFR Realty.

Three other units in the building also are available, including for restaurant tenants, the release says.

RFR bought the almost 24,000-square-foot building, constructed in 1945 on 0.4 acres, for $20.5 million in 2019.

Kaseya I 777 Brickell | Miami

Cloud-based IT management and security software provider Kaseya is expanding its office space in Miami’s Brickell.

The company signed a 64,716-square-foot lease on the second, third and fourth floors at Alliance Real Estate Group’s 777 Brickell, according to the landlord’s broker’s news release. Kaseya will hire up to 500 additional employees.

Kevin Gonzalez and Jake Freeman of CBRE represented Alliance Real Estate in the deal. Tony Jones of Cushman & Wakefield represented Kaseya.

The 13-story, 288,485-square-foot 777 Brickell, on the northeast corner of Southeast Eighth Street and Brickell Avenue, is 93 percent occupied, with CBRE marketing the remaining 21,000 square feet on the 10th floor, the release says.

The building offers 24-hour security, on-site banking and ATM, Truluck’s restaurant, a beauty salon and gym, and a five-story garage.

It is undergoing renovations, including of the lobby, on-site café and tenant lounge in the atrium.

Co-Work LatAm I Brickell | Miami

Latin American shared office space provider Co-Work LatAm opted to open its first U.S. location in Miami’s Brickell.

The Santiago, Chile-based company leased 8,000 square feet on the fourth and fifth floors at 25 Southwest Ninth Street, according to a company news release. Co-Work LatAm already opened half of its space on one floor and the second space is opening soon.

Co-Work LatAm, which already has co-working space across Latin America, is starting its U.S. expansion in South Florida, planning a total of 55,000 square feet of offices, each location averaging about 8,000 square feet, and all opening this year.

The next location is opening in July on the 10th floor at 2800 Ponce de Leon Boulevard in Coral Gables, followed by a second Brickell location, at 1221 Brickell Avenue, opening in August.

The company is looking at Midtown, Miami Beach and Fort Lauderdale, among other South Florida markets, for its other offices.

Overall, it is planning 50 U.S. locations over the next three years, including in Atlanta, Houston and Tampa, according to the release.

Co-Work LatAm operates 18 co-working spaces in Chile, five in Colombia, one in Mexico and two in Uruguay. It plans to open in Bolivia this year.





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