Transwestern Secures Long-Term Tenant for Full Building on Behalf of Clarion Partners
March 27, 2019
Miami – Transwestern Commercial Services (TCS) today announces it negotiated a 364,608-square-foot, long-term lease renewal with CEVA Logistics at 5601 N.W. 72nd Ave. in Miami. TCS South Florida industrial team Managing Director Thomas Kresse, Executive Managing Directors Ben Eisenberg and Walter Byrd, and Vice President Carlos Gaviria provide industrial leasing services on behalf of the landlord, Clarion Partners.
“By fully occupying the Miami industrial building, CEVA retains its premier location near Miami International Airport and the city’s major thoroughfares,” said Byrd. “Clarion Partners’ property continues to meet CEVA’s needs for space, functionality, efficiencies, and locational connectivity in the tight industrial market. “
According to market research by TCS, Miami remains one of the nation’s most sought-after industrial markets with low single-digit vacancy and demand particularly focused in the Medley, Hialeah, and Miami Airport areas. As of year-end 2018, Miami-Dade industrial real estate saw net absorption of 1.3 million square feet and a 4.5 percent overall vacancy rate.
Devin White of CBRE represented CEVA Logistics, a global logistics supply chain company.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.