COMPASS COMMERCIAL today announced that its industrial brokerage division negotiated a 39,000 square foot lease on behalf of Idea Ceramica USA, Inc. at a facility in the heart of Medley, FL, a prime distribution hub in Northwestern Miami-Dade County. Compass Realty's Commercial Division represented the tenant in the lease transaction and was the only broker involved in the deal.
The new lease includes more than 39,000-square-feet of highly efficient warehouse space, plus offices, and employee service space. "The principals of Idea Ceramica demanded a sub $9.00 per square foot rental rate. This occupancy expense limit left newly constructed distribution buildings out of consideration.
