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| Miramar Park of Commerce, Miramar, FL |
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| Jonathan Kingsley |
MIRAMAR, Fla. – The collaboration between the leasing team
at the Miramar Park of Commerce and Jones Lang LaSalle (JLL) has led to a
record occupancy rate of 98 percent.
Since July, 80,000 of the 100,000 square feet of available office/flex
product in the Park has been leased.
“JLL continues to
bring tremendous value to our team,” said Andrew Ansin, vice president
of Sunbeam Properties, developer of the Miramar Park of Commerce. “As the
Park’s improved occupancy rate demonstrates, JLL’s aggressive marketing and
sales effort has been very successful. We expect to continue to see increasing
demand and rising rental rates in 2014.”
Currently there is only 125,000 square feet of second
generation space available within the 5.2 million square in the Miramar Park of
Commerce, the largest locally owned and managed business park in South Florida.
Of that 125,000 square feet, 88,000 is warehouse space and 27,000 square feet
is flex space.
According to Jonathan Kingsley, senior vice president
at JLL, a spike in population growth, a positive economic outlook, an emphasis
on global distribution by companies in South Florida and limited new
development of Class A flex properties are among the drivers contributing to an
increase in demand for space, particularly at the Miramar Park of Commerce.
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| Andrew Ansin |
“There is great
demand for quality flex space and the best in quality real estate is at the Miramar
Park of Commerce,” said Kingsley. “There’s a reason the Park is outperforming
competitors and setting leasing records. It is clearly the premier business
park in Broward County.”
In 2013, several
existing Park tenants expanded in the Park. They were led by Spirit Airlines,
which renewed a 56,194 square foot lease for its headquarters and expanded by
14,625 square feet. Spirit originally moved to Miramar Park of Commerce from
Detroit in 1999.
Spirit Airlines, United Aerospace, Jet Engine Solutions,
Kaba Benzing, Jamaica Aerospace, International Aircraft Associates and Sunshine
Avionics are a few of the many companies that have relocated to Miramar Park of
Commerce, making it an aviation hub that continues to grow. Most recently, Lufthansa Airlines, the
largest airline in Europe, signed a lease for 9,000 square feet of flex
space.
“The Park’s proximity to regional and international airports
and easy access to major roadways is an advantage to companies serving the
aviation industry,” said Kingsley, who brokered the Lufthansa Airlines lease
with Ryan Goggins from Sunbeam Properties and Sal Bonsignore of Colliers
International South Florida.
Leasing rates for the Park’s flex space range from $11.00 to
$13.00 per square foot, depending on the age and condition of the space and
build out. For more leasing details on existing flex space, please contact
Jonathan Kingsley at 305.728.3690.
For more information, contact Ryan Goggins
(rgoggins@wsvn.com) or Maridee Bell (mbell@wsvn.com)
at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.
For a complete
copy of the company’s news release, please contact:
Maria Pierson /
Jenna Leon
Pierson Grant Public Relations
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