CE North America
50,000 sq. ft.
Corporate headquarter sale-disposition with short term leaseback
Transport and logistics service provider Blue Water Shipping needed a space that could accommodate the company’s rapid growth in Miami and combined its two locations into one functional facility. As their then-current space didn’t allow for expansion, they engaged the Cresa team to help them find a facility that:
BWS also sought help with finding a subtenant to occupy one of its locations that still had a remaining term on the lease.
With the help of Cresa’s local industrial specialists, BWS consolidated its two locations into a unified space. Cresa was able to create a competitive environment amongst local landlords while aggressively negotiating on behalf of the client.
The team considered several options before ultimately settling on an 80,000 square foot facility with a newly constructed 32’ clear height. The space featured a rear load facility that the landlord converted into a turnkey build-out for the office/warehouse space. With this new facility, the logistics provider expanded its footprint in the market and strategically positioned its operations between both Seaports.
Cresa further assisted in finding a subtenant to takeover the remaining term on one of BWS’s former spaces. This timing lined up perfectly with the moveout and eliminated any concern of two financial obligations on former and new spaces.