Lee & Associates Miami Announces Lease of 22,740 SF Industrial Space at Miami International Tradeport In Medley

Lee & Associates Miami, one of the largest privately owned national real estate firms that has recently expanded into South Florida, proudly announces the lease of an industrial space located at Liberty Property Trust’s Miami International Tradeport at 11430 NW 122nd St, Medley, FL.

Lee & Associates Senior Vice President, Ivelisse Pietri, represented the tenant Phoenix Plywood Finishing, LLC, and Peter Sheridan represented Liberty Property Limited Partnership. Ivelisse Pietri had been working with Phoenix since January 2018 when she had placed the company in a sublease at Miami International Tradeport in Q1 2018. The tenant quickly outgrew the subleased unit and Ivelisse’s expertise in the marketplace and keen understanding of the tenant’s business and location requirements held their relocation focus within the Medley submarket.

Leveraging the existing relationship between Phoenix and Liberty Property Trust, Ivelisse successfully negotiated a mutually beneficial lease agreement within Liberty’s growing portfolio. The Miami International Tradeport completed construction of the 159,180 SF building in May of 2018. The 22,740 SF space leased consists of 7 dock height doors, 32’ clear ceiling height, 200’ shared truck court and an ESFR sprinkler system.

This industrial pocket in the Medley submarket has seen a significant rise in both demand and new construction deliveries in recent years given the area’s excellent location to easily service both Broward and Miami-Dade Counties. Industrial construction in Miami-Dade County is expected to decline in 2019 according to a recent market report released by the Commercial Industrial Association of South Florida.