Miami-Area Business Park Hits Full Occupancy
- Mar 12, 2018
AVE Aviation & Commerce Center, a master-planned, mixed-use business park in Opa-Locka, Fla., has reached full occupancy with the addition of two new tenants to its roster. Valassis and The Ware Group – Johnstone Supply will occupy a total of 30,000 within the Class A campus, increasing the property’s tenant mix to roughly 30 companies.
Located at 14350 N.W. 56th Court, in the Miami Lakes submarket, AVE Aviation & Commerce Center encompasses 1 million square feet of developed, fully leased space. Valassis, a media delivery service company, agreed to occupy 12,000 square feet, while HVAC/R supplies wholesaler The Ware Group – Johnstone Supply leased 18,000 square feet.
Developed by CPF Investment Group, the business park is set to feature approximately 2.6 million square feet of space upon completion, including approximately 200,000 square feet of retail, 2.1 million square feet of office/warehouse space and 250,000 square feet of corporate jet hangers.
The 178-acre business park provides on-site security, rear or cross-dock loading and 120-foot truck courts. Further amenities include underground utilities such as natural gas, curb and gutter infrastructure as well as automatic standby generators.
JLL Executive Vice President & National Director Sky Groden represented The Ware Group – Johnstone Supply, while JLL Senior Associate Matt Maciag assisted Valassis in the lease negotiations. Other notable tenants at AVE Aviation & Commerce Center include Off Lease Only, Goodyear, USPS, Banyan Air Services and Turbopower Rolls Royce MRO. Auto parts and service supplier KSI Trading Corp. signed a 42,000-square-foot lease at the business park this January.
“Bringing AVE to full capacity solidifies the property’s long-term objectives and further stabilizes its position, marking a significant accomplishment of its master plan,” said Ernesto Cambo, principal of CPF Investment Group, in prepared remarks.
Image courtesy of CPF Investment Group