May 26, 2023

The Shamrock NW 23 CT

Miami, FL – 05/22/2023 – Otto Travieso announced the completion of an industrial lease transaction. The assignment to represent The Cromer Company (Tenant) and find a light manufacturing facility between 45,000 to 60,000 sf began approximately two years ago.  The South Florida Industrial market remains extremely tight and competitive with rates going up almost weekly at times over the last two years. The group toured nearly 25 properties before the right property was found.  The selected property consists of 55,750 sf in the west airport area. The property is owned by a limited liability company affiliated with the institutional owner Seagis Property Group. The property is gated with ample parking and 4 dock positions including one ramp position. The Landlord will do some improvements and delivery is expected within the next 60-90 days. The lease is for seven years at market rate.  Sebastian Juncadella and Jose Juncadella of Fairchild Partners represented the Landlord.

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