Caterpillar And Nissan North America Renew Long-Term Leases Totaling 61,000 SF In Miramar

The property involved in this transaction is an industrial asset located at 3450 Executive Way and 3201 Executive Way, situated in the Miramar market. The total square footage of the asset is 61,000, with long-term leases renewed by Caterpillar for 45,000 square feet and Nissan North America for 16,000 square feet within the Miramar Park of Commerce.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 3450 Executive Way & 3201 Executive Way
• Market: Miramar
• Asset Square Footage: 61,000
• Landlord: Andrew Ansin - Sunbeam Properties& Development
• Tenant: Jim Umpleby & Joe Creed - Caterpillar®; Christian Meunier - Nissan North America, Inc.
• Landlord's Representative: Peter Apol - Sunbeam Properties
• Tenant's Representatives: Nick Wigoda & Steve Medwin - Newmark; Tom O'Loughlin - CBRE

This deal involves significant representations by the respective agents handling the landlord and tenants' interests. Caterpillar has committed to a substantial space within the business park, while Nissan North America also secures a notable portion. Both tenants are represented by brokers from established firms, showcasing the expertise involved in this leasing transaction.