ARCA World Wide Leases 52000 SF Industrial Space At 1010 Northwest 72nd Street In Miami

The property involved in this transaction is an industrial asset located at 1010 Northwest 72nd Street in Miami. The space comprises 52,000 square feet and is leased under a NNN lease at an asking rent of $16 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 1010 Northwest 72nd Street
• Market: Miami
• Landlord: Xebec Realty
• Tenant: ARCA World Wide
• Size: 52,000 sq ft
• Lease Type: NNN Lease
• Brokers: Larry Genet - CBRE; Skylar Stein - Cushman & Wakefield
• Asking Rent: $16/ft

Larry Genet and Skylar Stein represented the respective parties in this lease agreement. They noted that despite the challenges in closing deals, their team remains highly active, successfully facilitating this transaction for ARCA World Wide, which secured a warehouse in proximity to its showroom in Wynwood.