Doral, FL (April 4, 2013) — Cornerstone International Realty – the brokerage team of Frank Trelles and Hector Catano – today announced the closing of 4180 SW 74th Ct, Miami FL. The 37,000 SF office/warehouse was leased by La Ley Enterprises. The tenant is expanding from a 20,000 sf office. The warehouse is owned by Perc Enterprises. The lease is valued at $3MM.
Frank Trelles Executive VP and Hector Catano President represented the landlord in this transaction. La Ley is a well-established law firm in the community.
“With the stabilization of the market, companies are now starting to expand their operations.” Trelles added. Lease rates have jumped significantly this past year and vacancy rates continue to drop. The South Florida market has one of the lowest vacancy rates in the country. Hector Catano added “We are seeing activity ramp up again to the levels of pre-market crash which is great news for the South Florida economy”.
For more information about this deal contact Frank Trelles at 786-302-1223.
About Cornerstone International Realty.
Cornerstone International Realty of Doral, Fla.- offers world-class brokerage, property management, and asset management services to a prestigious roster of corporate, private, and institutional owners and investors. CIR maintains a major presence within the market by representing landlords, tenants, buyers and sellers.