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GLB Trucking Leases 52k SF At Miami Midway Park Developed By Butters Construction & Greystar

Property Image
LEASED
Peter Messina
Frank Trelles
+ 2

Florida

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Industrial52,000 SF
Leased 06/12/2023
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LEASED

GLB Trucking Leases 52k SF At Miami Midway Park Developed By Butters Construction & Greystar

9695 Northwest 174th St, Hialeah, Florida 33018, USA

See Similar Deals
Industrial52,000 SF
Leased 06/12/2023
Peter Messina
Frank Trelles
+ 2
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:52,000 SF
Transaction Type:Lease

Miami Midway Park, developed by Butters Construction & Development and Greystar, has added GLB Trucking as a tenant, taking up 52,000 square feet of space. The industrial project is set to be completed in November, with high demand and increased rental rates driving the South Florida industrial market.

Summary of transaction details

Miami Midway Park, developed by Butters Construction & Development and Greystar, has secured GLB Trucking as a tenant for their industrial project. The property, located at 9695 Northwest 174th Street in Miami, offers 52,000 square feet of space. The completion of the project is scheduled for November, and the South Florida industrial market is experiencing high demand and increased rental rates.

Players

Frank Trelles
38 deals$90.3M volume(786) 302-1223
BROKER

Peter Messina
2 deals$1.1M volume
BROKER

George Pino
14 deals$18.9M volume
BROKER



State Street Realty
BROKERAGE

Greystar
LENDER

Greystar
LANDLORD

Details

LEASED
IMAGE: Brian Ahearn, Frank Trelles, Malcolm Butters & George Pino DATE: 06/12/2023 ADDRESS: 9695 Northwest 174th Street MARKET: Miami ASSET TYPE: Industrial ~ SF: 52,000 LANDLORD: Butters Construction & Development - Malcolm Butters; Greystar TENANT: GLB Trucking LANDLORD'S REP: George Pino & Frank Trelles - State Street Realty; JC Conte & Brian Ahearn - Butters TENANT'S REP: Peter Messina - SVN Commercial Realty NOTE: Miami Midway Park, developed by Butters Construction & Development and Greystar, has added GLB Trucking as a tenant, taking up 52,000 square feet of space. The industrial project is set to be completed in November, with high demand and increased rental rates driving the South Florida industrial market.

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Deal Type
Effective Rent (Annual)

$2,980,608.62

Total Lease Value

$29,806,086.21

Net Landlord Cash Flow$2,980,608.62