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State Street Realty Takes Over Leasing at Miami-Area Industrial Complex

More than 475,000 SF Available at Miami Industrial Logistics Center
February 5, 2018
Duke Realty has hired State Street Realty to lease and market its Miami Industrial Logistics Center, a 4-Star industrial complex in Hialeah Gardens, FL.

The warehouse and distribution center in northwest Miami-Dade County consists of three buildings totaling 676,835 square feet. MILC I at 15002 NW 107th Ave. is 209,232 square feet, MILC II at 14802 NW 107th Ave. totals 211,757 square feet and MILC III at 10701 NW 140th Street spans 255,846 square feet.

The complex is located near U.S. 27, Florida's Turnpike, State Road 826 and Interstate 75, offering access to seaports and airports in Miami-Dade and Broward Counties, according to State Street's Frank Trellas.

"We're right smack in the middle," he told CoStar News. "We're looking for large - 75,000 to 100,000 square feet - tenants, but we'll consider deals as small as 25,000 square feet."

Cushman & Wakefield previously had the listing.

The two existing tenants at the center are Ice River Springs with 96,369 square feet and Pro Intermodal LLC with 104,616 square feet.

There's strong demand from e-commerce companies and housing-related businesses, said Trellas. He added that Doral-based State Street is close to signing another tenant for 110,000 square feet.
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