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Nestle Waters Signs Full Bldg Industrial Lease in Medley

Bottled Water Firm Takes 257,000 SF at Airport North Logistics Park - Bldg 3
March 5, 2018
Nestlé Waters North America will more than double its industrial space in Miami-Dade County, signing a lease for 257,074 square feet at Airport North Logistics Park.

The bottled-water company will take a full building at 8501 NW 80th St. in Medley, FL and expects to move in by the summer, according to Gian Rodriguez of Cushman & Wakefield, which represented landlord L&B Realty Advisors, LLP of Dallas.

“It’s a new building, with proximity to Port Miami and a stable, institutional ownership,” Rodriguez told CoStar News. “That’s the trifecta right there.”

Nestle Waters currently has about 100,000 square feet in the Flagler Station park in Medley, said CBRE's Tom O'Loughlin, who represented the tenant.

O'Loughlin added the company conducted an extensive search throughout Broward and Miami-Dade counties and will use the new space for its imports division.

The first phase of the 900,000-square-foot Airport Logistics Park consists of four buildings. Building 1 is fully leased to Neutralogistics and Eco Windows. Building 2 is vacant, and Nestlé Waters is taking Building 3. Cushman hopes to announce soon a build-to-suit tenant for Building 4, Rodriguez said.

Cushman’s Wayne Ramoski and Skylar Stein worked with Rodriguez on the deal. CBRE's Marineh Dermovsesian and Larry Genet worked with O’Loughlin.



Paul Owers, South Florida Market Reporter  CoStar Group   
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