Tuesday, June 13, 2006

BellSouth Takes 132,738 SF in Two Leases

MIRAMAR, FL-Communications company BellSouth has signed two leases totaling 132,738 sf in two buildings.

BellSouth Communications Inc. leased Building J within the Miramar Centre Business Park at 15900 SW 27th St. The building, owned by Atlanta-based Industrial Developments International Inc., consists of 82,638 sf of office/distribution space. In addition, BellSouth Advertising & Publishing Corp. leased 50,100 sf of space within the Miramar Business Center at 11600 Miramar Parkway. The building is owned by Industrial Property Fund VII, LLC. BellSouth Advertising & Publishing Corp. is a provider of print directories within the southeastern US and Latin America.
Pedro Garcia, of Miami-based Gateway Realty Services, represented BellSouth in both transactions. Garcia said both leases were for five-year terms. The company is relocating from existing spaces into the new spaces. “It’s such a central location so they can accomplish a lot from there.”

The space was recently built by IDI, which develops warehouse and distribution space. The company will house a cable splicing operation in the larger space and the smaller space will be used as a distribution center, Garcia says.

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