Rivero Exporting Signs Long-Term Lease For 88000 SF Industrial Space In Hialeah With VS Real Estate

The asset involved in the lease transaction is an industrial property located at 4071 West 108th Street in Hialeah, comprising a total area of approximately 88,000 square feet. This industrial space is situated within the Countyline Corporate Park Phase III, highlighting its strategic location near significant transport hubs such as Miami International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Market: Hialeah
• Landlord: Blake Baird - Terreno Realty Corporation
• Tenant: Rivero Exporting
• Landlord's Representative: Raydel Enriquez, Andrea Montejo, Raul Estrada & Carlos Velasquez - VS Real Estate
• Tenant's Representative: Juliano Lopez - Vivo Real Estate Group
• Lease Size: ~88K SF
• Expansion: 47% from Medley location
• Building Occupancy: 137K SF industrial building brought to full occupancy

This transaction marks a significant move for Rivero Exporting as it expands its operations, effectively increasing its space and solidifying its presence in the logistics sector. The involvement of Juliano Lopez from Vivo Real Estate Group as the tenant's representative contributed to securing this long-term lease, while the landlord, Terreno Realty Corporation, was represented by a team from VS Real Estate, showcasing collaboration among multiple brokers in this deal.