Miami Cooler Warehouse Leased to Farmgirl Flowers
Updated: Aug 24, 2020
The Industrial Team at ComReal completed the lease of the refrigerated building located at 9440 NW 12th ST Doral, FL 33172. The building is +/- 10,600 Sq. Ft. with +/- 8,000SF refrigerated space. The landlord is FlowerGem, INC, owner and operator of perishables logistics businesses and warehouses in South Florida. The tenant is the fast growing online flower retailer Farmgirl Flowers, led by Christina Stembel. Their website is www.farmgirlflowers.com
The lease transaction was completed despite the Covid-19 pandemic which has affected all industries across the world. Industrial real estate for its nature has done better than other sectors of commercial real estate. Additionally, Miami being the largest hub for imported flowers sustained the demand for refrigerated warehouses. According to statistics from Miami International Airport, almost 90% of imported flowers come through the Miami. Recently, flowers are also arriving through Port Miami.
Refrigerated spaces available are limited in the Miami market. The time and cost it takes to build them creates some barriers to entry, limiting availability. Our team over the years has specialized on refrigerated warehouses. We positioned this warehouse to attract quality tenants. Not only we were able to secure one of fastest growing online flower retailers as a tenant, but did it in the middle of a pandemic. Mentioned Edison Vasquez from ComReal.
ComReal Represented the landlord, FlowerGem, Inc. The tenant was represented by Matthew Bittel from Cushman & Wakefield.
For more information on the transaction or other similar buildings in our inventory, contact the ComReal Industrial Team at 786-433-2380