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Newmark Grubb Knight Frank (NGKF) Director Erick Padilla represented Image Photo Services, Inc. in a seven-year, 30,000-square-foot lease renewal at Prologis Beacon Centre in Doral, Fla.
Image Photo Services, a management company providing services to photo concessionaires for many of the world’s leading cruise lines, has occupied industrial/flex space at 2085 NW 87th Ave. since 2001. The company elected to remain at the property after a thorough review of real estate opportunities in the Airport West, Medley and Doral submarkets, according to Mr. Padilla.
“Mr. Padilla presented us with a comprehensive view of the current market. After carefully considering our options, we determined that Beacon Centre continues to provide the best value,” said Susan Montana, Director of Accounting for Image Photo Services. “Our significant investment in the space has resulted in a state-of-the-art facility, and its proximity to Miami International Airport has supported business travel needs for both our clients and staff.”
Prologis Beacon Centre is one of the premier commercial business parks in the Miami area, consisting of 2.5 million square feet of Class A office, retail and bulk distribution warehouse space on 205 acres. George Pino of State Street Realty represented ownership, Prologis, Inc.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.