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Garland Food Signs 15-Year Lease For 175,255 SF Industrial Space In Medley With Jeffrey Hecktman As Landlord

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LEASED
Nicolas Palazzo
Steve Medwin
Nick Wigoda
+ 1

Florida

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Industrial175,255 SF
Leased 05/12/2025
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LEASED

Garland Food Signs 15-Year Lease For 175,255 SF Industrial Space In Medley With Jeffrey Hecktman As Landlord

11301 Northwest 97th Avenue

See Similar Deals
Industrial175,255 SF
Leased 05/12/2025
Nicolas Palazzo
Steve Medwin
Nick Wigoda
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:175,255 SF
Transaction Type:Lease

The property asset involved in this transaction is an industrial facility located at 11301 Northwest 97th Avenue in Medley. The asset encompasses a total square footage of 175,255. The landlord for this lease is Jeffrey Hecktman from Hilco, while the tenant, Garland Food, will be utilizing the space primarily for a garlic-focused food processing facility.

Summary of transaction details:

The transaction details reveal that Garland Food intends to move into 141,314 square feet of the leased space in late 2025, following $15 million in improvements. The company plans to expand into the remaining area by early 2027.

Players

Nick Wigoda
Stream Realty Partners⁠
Nick Wigoda
21 deals$200.2M volume(305) 205-9707
BROKER
Steve Medwin
Stream Realty Partners⁠
Steve Medwin
21 deals$242.1M volume(305) 333-0784
BROKER
Nicolas Palazzo
Cushman & Wakefield
Nicolas Palazzo
6 deals$40.2M volume(812) 327-7088
BROKER
Andrew Fernandez
CBRE
Andrew Fernandez
1 deal(786) 792-5216
BROKER

Details

LEASED
IMAGE: Andrew Fernandez, Nicolas Palazzo, Jeffrey Hecktman, Nick Wigoda & Steve Medwin DATE: 05/12/2025 ADDRESS: 11301 Northwest 97th Avenue MARKET: Medley ASSET TYPE: Industrial ~ SF: 175,255 LANDLORD: Jeffrey Hecktman - Hilco TENANT: Garland Food LANDLORD'S REP: Nick Wigoda (@nmw_insta) & Steve Medwin (@Steve.Med.305) - Stream Realty Partners⁠ (@StreamRealtyPartners) TENANT'S REP: Andrew Fernandez & Nicolas Palazzo (@Nicolas_Palazzo) - CBRE (@CBRE) LEASE TERM: 15-year NOTE: Garland Food signed a 15-year lease for 175,255 sf at 11301 NW 97th Ave. in Medley to launch a garlic-focused food processing facility. The company will move into 141,314 sf in late 2025 after $15M in improvements and expand into the rest by early 2027. ⁠

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Deal Type
Effective Rent (Annual)

$10,045,510.84

Total Lease Value

$100,455,108.44

Net Landlord Cash Flow$10,045,510.84