Friday, June 16, 2006

85,000-SF Deal Brings Industrial Asset to 100%

AVENTURA, FL-Global Furniture Terminal Corp. has leased 84,479 sf in the Aventura Industrial Center located at 555 NE 185th St. The lease was valued at more than $3 million.

With the lease, Global Furniture will triple the size of its operations, which will relocate from a smaller facility in Hollywood, FL. Global Furniture, an importer and distributor of contemporary furniture, serves Florida and the Caribbean.

Terranova Corp. senior commercial associate Gordon Messinger tells that Global Furniture chose the building because of its size and existing racking system. Another advantage to the building is that it has rail spurs behind it. “They chose this space because it’s big, has 30-foot-high ceilings and it has a significant amount of showroom space,” Messinger says. “It’s also centrally located for [Global Furniture’s] business.”

This is the second lease executed the Aventura Industrial Center in recent months. Kansas Marine Co. leased 80,000 sf, a lease valued at more than $3.3 million. Kansas Marine Co., a division of Los Angeles-based American Fish and Seafood, is a food distribution company that services the cruise line industry in Miami and Los Angeles. With the two leases, the Aventura Industrial Center is now 100% occupied. “The market here is as tight as ever. If you can find space that is close to what you’re looking for, then you take it,” Messinger says.

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