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Seaboard Marine Renews Two Long-Term Leases For 308K SF At Prologis Palmetto Tradeport In Medley

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LEASED

Florida

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Industrial924,000 SF
Leased 01/29/2024
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LEASED

Seaboard Marine Renews Two Long-Term Leases For 308K SF At Prologis Palmetto Tradeport In Medley

7800 Northwest 80th Street, 7890 Northwest 80th Street & 8001 Northwest 79th Avenue

See Similar Deals
Industrial924,000 SF
Leased 01/29/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:924,000 SF
Transaction Type:Lease

Seaboard Marine, Ltd. and Seaboard Solutions, Inc. have renewed two long-term leases totaling 308,000 square feet at Prologis Palmetto Tradeport in Medley. This Class A industrial park, owned by Hamid R. Moghadam's company Prologis, offers strategic access to major transportation routes and is located near key Miami infrastructure hubs. The transaction reflects the strong demand and limited supply in the region's robust industrial market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 7800-7890 Northwest 80th Street & 8001 Northwest 79th Avenue
  • Market: Medley
  • Tenant: Bruce Brecheisen - Seaboard Marine, Ltd.; Seaboard Solutions, Inc.
  • Landlord: Hamid R. Moghadam - Prologis

The lease was facilitated by Brian Smith of JLL, who represented Hamid R. Moghadam as the landlord's representative. Jonathan Kingsley of Colliers International represented Bruce Brecheisen, the tenant.

Players

Brian Smith
7 deals$84M volume(305) 960-8403
BROKER

Jonathan Kingsley
Colliers
9 deals$36.8M volume
BROKER

Hamid Moghadam
Prologis
51 deals$2.6B volume
LANDLORD

Details

LEASED
IMAGE: Brian Smith, Bruce Brecheisen, Hamid R. Moghadam & Jonathan Kingsley DATE: 01/29/2024 ADDRESS: 7800-7890 Northwest 80th Street & 8001 Northwest 79th Avenue MARKET: Medley ASSET TYPE: Industrial ~ SF: 308,000 LANDLORD: Hamid R. Moghadam - Prologis (@Prologis) TENANT: Bruce Brecheisen - Seaboard Marine, Ltd.; Seaboard Solutions, Inc. LANDLORD'S REP: Brian Smith - JLL (@JLL) TENANT'S REP: Jonathan Kingsley - Colliers International (@ColliersInternational) NOTE: Seaboard Marine, Ltd. and Seaboard Solutions, Inc. renewed two long-term leases totaling 308,000 square feet at Prologis Palmetto Tradeport in Medley. The Class A industrial park offers strategic access to major transportation routes and is near key Miami infrastructure hubs, reflecting the region's robust industrial market driven by strong demand and limited supply.

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Deal Type
Effective Rent (Annual)

$52,963,122.42

Total Lease Value

$529,631,224.19

Net Landlord Cash Flow$52,963,122.42