June 29, 2020
Colliers International has secured a 164,432-square-foot industrial lease renewal for tenant ECU Worldwide at 2401 NW 69th St. in Miami. Jonathan Kingsley and Ryan Goggins of Colliers represented ECU in the lease transaction. The landlord is Realterm and institutional investors advised by J.P. Morgan Asset Management.
ECU Worldwide is a leader in multi-modal transport and warehousing and serves more than 2,400 direct Trade Lanes. The renewal is for approximately eight years and is valued at more than $10 million.
“This lease transaction speaks to the strength of the South Florida industrial market, as demand for space remains steady, despite the interruption of COVID-19,” said Kingsley. “As our economy continues to evolve and change, e-commerce and last-mile distribution are driving the need for more industrial space near urban cores.”
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