| 
| Free Newsletters
| Free Newsletters Miami-based Ryder Takes 206,606-SF DHL Space in Miami Business Park
By Hortense Leon, Southeast Correspondent
Publication: Commercial Property News
Date: Friday, August 4 2006
Publication: Commercial Property News
Date: Friday, August 4 2006
Although DHL Solutions has been closed-mouthed about the deal, real estate sources in Miami say that the sublease tenant for the 206,606-square-foot building that DHL leased in August 2005 a few miles west of Miami International Airport is Miami-based Ryder System, which has its headquarters a few miles
to the north. The deal closed earlier this week, according to Walter Byrd, senior vice president at Trammell Crow Co. in Miami, who represented the new tenant.
DHL was the first tenant at the Beacon Lakes Business Park in January 2005. The 436-acre development, when complete, will have 6 million square feet of warehouse/distribution, office and retail space. The developer is Flagler-Codina Development.
One real estate broker in Miami, who wished to remain anonymous, said that he doesn't know what Ryder will pay for the space, but that when DHL struck the deal a year ago, the price per square foot was just over $7. Today, the landlord is probably asking more than $8 per square foot, said the broker.
DHL was the first tenant at the Beacon Lakes Business Park in January 2005. The 436-acre development, when complete, will have 6 million square feet of warehouse/distribution, office and retail space. The developer is Flagler-Codina Development.
One real estate broker in Miami, who wished to remain anonymous, said that he doesn't know what Ryder will pay for the space, but that when DHL struck the deal a year ago, the price per square foot was just over $7. Today, the landlord is probably asking more than $8 per square foot, said the broker.
In addition, make sure to read these articles:
- Centex Rooney Construction Company Breaks Ground onits Seventh Office Building Project for...
- Olympus Partnership Group Acquires LightSpeed Miami Center.
- Ryder System, Inc. Chooses Beacon Station as New Corporate Headquarters.
- Poised for growth: Trammell Crow Co. manages a changing portfolio of needs.
- Lanier Rejoins TCC as Director
- Partners $35m purchase.
- Staying put.
- Logistics as a competitive weapon.
- Viking Freight honored by Ryder
- Georgia-Pacific takes remaining space at Rivergate Corporate Center II
- $1B JV Kicks Off Development with Austin Office Project
- Trammell Crow Welcomes Barnard as Retail Brokerage Associate
- Associated Wholesalers, Inc. Selects Ryder For On-Site Maintenance Services
- Austin's First Spec Office Park in the Works
- Calzon Joins Colliers Arnold
Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 27, 2000 Albert Petrangeli, President of Centex Rooney Construction Company, Inc. (NYSE:CTX), is pleased to announce that Centex Rooney ......
Business Editors MIAMI--(BUSINESS WIRE)--April 3, 2000 A partnership group headed by Dallas-based Olympus Real Estate Corporation that includes The Swerdlow Group, Landmark Real Estate Fund ......
Business Editors/Real Estate Writers JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 5, 2002 Flagler Development Company (Flagler), the wholly owned commercial real estate development subsidiary of Florida East Coast ......
Up cycles. Down cycles. Outsourcing. Insourcing. Downsizing. Consolidation. Growth. Change. All prevail in today's complex economy. The corporate world needs what it needs when it ......
David Lanier will rejoin Trammell Crow Co.'s Atlanta office as area director.
The Praedium Group LLC, and Essex River Ventures, LLC, a Boston-based real estate investment and asset management firm, announced the acquisition of the Lexington Corporate ......
Stroock & Stroock & Lavan LLP has renewed and expanded its lease in the Century City theme towers. The New York-based law firm renewed and ......
Logistics is the last frontier of cost reduction, Peter Drucker maintains. Roundtable participants say it's even more important than that--and that mastery of it provides ......
Viking Freight has been recognized by Miami-based Ryder System Inc. with the 1999 Ryder Carrier Quality Award, an honor that measures carrier metrics and praises ......
Georgia-Pacific has announced it will take 204,550 square feet at Rivergate Corporate Center II Phase II. The paper products company currently occupies 402,450 square feet ......
Construction has commenced on the first project developed by a newly formed joint venture between Trammell Crow Co. and Principal Real Estate Investors, which have ......
Loree Barnard joins the Orlando office of Trammell Crow Co. as retail brokerage associate.
Robesonia, Pennsylvania -- Associated Wholesalers, Inc., a cooperative wholesale food distributor serving approximately 250 supermarkets in the northeastern United States, has awarded Miami-based Ryder System, ......
Austin's first spec office development since the real estate downturn in 2000 has been started by the Trammell Crow Co. with the first stage of ......
Colliers Arnold Commercial Real Estate Services has appointed former Trammell Crow Co. executive Claire Calzon managing director of office services.
Email
Digg It
del.icio.us
Related Resources
Press Releases
- ParkSouth Offers New Industrial, Office and Retail Real Estate Options in Homestead.
- Ryder System, Inc. Chooses Beacon Station as New Corporate Headquarters.
- JPMorgan Asset Management and Lowe Enterprises Joint Venture Acquires 641,710 Square Feet of Office Space in Sacramento; Lowe Enterprises Real Estate Group to Handle Property Management and Leasing.
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Media Kit
Copyright © 1999 - 2009 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright 2006 Nielsen Business Media, Inc. All rights reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists | Company Profiles
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists | Company Profiles
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.
AllBusiness.com, its parent company D&B, and its affiliates.
