A
Solidified Leadership Team, the South Florida Logistics Center's
Grand Opening and USDA Approval of FGL's Innovative New Cold Chain
Technology Mark 2013 Milestones.
CORAL
GABLES, FL (February 10, 2014) - Flagler Global Logistics
("FGL"), a worldwide logistics company providing a full
suite of integrated supply chain management services and real estate
solutions, has fully leased Building 1 at its new South Florida
Logistics Center located adjacent to Miami International Airport,
along with more than 600,000 square feet of industrial space at its
Flagler Station business park. The brisk leasing activity caps off a
landmark year in which the company also welcomed new executive team
members, underwent a name rebranding, and introduced a revolutionary
cold chain treatment process that was approved by the United States
Department of Agriculture (USDA).
Solidified
Leadership Team
In
2013, Flagler Global Logistics appointed respected supply chain
industry leader and former Winn-Dixie executive Chris Scott as
President and CEO. Scott is leading the dramatic growth of the
company's business in both the United States and Latin America.
The
company also added commercial real estate veteran Daniel Marcus as
Executive Vice President of Development. Marcus is spearheading the
company's industrial development efforts across its 2,300-acre land
portfolio, which can accommodate more than 23 million square feet of
industrial development.
Construction
Update: New Logistics Center Opens, Receives USDA Certification
Over
the past year, Flagler Global Logistics delivered or started
construction on more than 1 million square feet of Class-A industrial
space at the company's new intermodal facility-the South Florida
Logistics Center-and its flagship Flagler Station business park. In
addition, FGL has four other strategic industrial park projects
located throughout Florida that are in the pre-development phase.
South
Florida Logistics Center officially opened for business with the
October inauguration of Building 1-a 170,000-square-foot industrial
warehouse facility featuring 60,000 square feet of refrigerated
space. The Center's expansion plans, which call for the development
of up to two million square feet of industrial space at the 200-acre
site, will compound in 2014-the company has already started
construction on two new buildings totaling 380,000 square feet. A
little more than a month after opening, the Center received USDA
approval for an exclusive, eco-friendly treatment method for produce
which helps in preserving the "cold-chain" for fruits,
vegetables, extending the product's shelf life.
"With
unparalleled access to air, rail, sea and road transportation,
superior third-party logistics support, and scalable real estate
solutions, the South Florida Logistics Center is uniquely positioned
to become the undisputed trade gateway for the Americas and beyond,"
said Scott. "The USDA's approval of our innovative cold chain
treatment is a game-changer in the perishables sector. It provides
Latin American exporters a viable alternative to not only bring their
produce to supermarket shelves in the United States more efficiently,
but maintain a higher quality product with a longer shelf life."
At
Flagler Station, South Florida's largest business park which boasts
its own turnpike interchange and is home to industry leaders such as
Ryder, Crowley and FedEx, FGL completed construction on the
171,668-square-foot Building 30 and 171,994-square-foot Building 31.
The company also broke ground on Buildings 32 and 34, which combined
will add an additional 500,000 square feet plus of prime industrial
space.
Industrial
Leasing Activity on the Rise
Vice
President of Business Development Chris Sutton, SIOR, has led the
commercial leasing charge at both the South Florida Logistics Center
and Flagler Station, closing nearly 750,000 square feet of industrial
lease transactions between the two properties in 2013.
"We've
experienced strong leasing activity as demand continues to rise, in
large part due to our unrivaled portfolio of industrial land with
entitlements to build in excess of 20 million square feet of
warehouse space throughout Florida," said Sutton. "Our
properties are particularly in high demand thanks to their prime
locations with access to Florida's busiest air and seaports;
high-quality, efficient building designs with features including 30'
plus clear ceiling heights; and flexible size ranges that allow us to
accommodate tenants of all sizes. We have enough industrial land to
accommodate any size build-to-suit requirement, which not many other
companies in this marketplace can do."
At
South Florida Logistics Center (SFLC), Flagler Global Logistics,
which provides third-party logistics services including its
innovative USDA approved cold chain treatment, opened its new 114,187
square foot distribution center. The Goodyear Tire and Rubber Company
leased 28,682 square feet of space for operations. Flying Food Group
also leased 28,676 square feet of space for operations. Both
companies were represented by David Albert, SIOR, Devin White, and
Andrew Lehrer of CBRE.
At
Flagler Station, South Florida's largest business park, Starboard
Cruise Services' leased 218,673 square feet of space at Building 34,
which represented the largest industrial lease transaction of the
year in the Medley submarket. The tenant was represented by Charles
V. Barton, John Marshall and Matthew Cheezem of Cresa.
Other
noteworthy industrial lease transactions at Flagler Station in 2013
include:
-
Nipro Medical Corporation leased 86,076 square feet of space
at Building 31. The tenant was represented by Ed Lyden of State
Street Realty.
-
Senator International leased 70,411 square feet of space at
Building 30. Gabriel Garcia-Menocal, SIOR and Lucia Custer of NAI
Miami represented the tenant.
-
TricorBraun leased 63,820 square feet at Building 30. The
tenant was represented by Charles V. Barton of Cresa.
-
Total Cargo Services leased 56,135 square feet at Building 31.
The tenant was represented by Gabriel Garcia-Menocal, SIOR and Lucia
Custer of NAI Miami.
-
Traffic Tech leased 37,437 square feet at Building 30. The
tenant was represented by Michael Torna of Corporate Solutions.
-
International Cruise Duty Free leased 29,783 square feet at
Building 31. The tenant was represented by Mark Aleman of DiGiacomo
Group.
Rebranding
to Reflect Global Reach
As
the company's logistics services capabilities and product offerings
expand worldwide in step with customer demand, the company rebranded
from South Florida Logistics Services to Flagler Global Logistics.
"The
rebranding perfectly captures the growing global scale of our
end-to-end logistics capacity while linking back to our rich Florida
and real estate development heritage established under the recognized
Flagler brand," explained Scott. "Flagler Global Logistics
will effect a dramatic shift to redirect the flow of goods from the
southeast to the northeast and further solidify South Florida's
position as a strategic gateway for domestic and foreign commercial
trade."
About
Flagler Global Logistics
Flagler
Global Logistics is a worldwide logistics company that provides a
full suite of integrated supply chain management services, including
consolidation and deconsolidation, multimodal transportation,
warehouse management, Foreign Trade Zone, and dry and refrigerated
cargo services, as well as flexible real estate solutions. Flagler
Global Logistics has exclusive connectivity to South Florida's
busiest ports and airport, which provides clients a competitive
advantage when importing and exporting goods. The Company owns
strategic assets throughout Florida, including approximately 1
million square feet of warehouse space and additionally 1,500 acres
of well-located developable land suitable for 24 million square feet
of industrial development. Headquartered in Coral Gables, Fla.,
Flagler Global Logistics is a wholly owned subsidiary of Florida East
Coast Industries, LLC. For more information, visit
http://www.flaglergl.com.
About
Florida East Coast Industries
Florida
East Coast Industries, LLC (FECI) is one of Florida's oldest and
largest full-service commercial real estate, transportation, and
infrastructure companies. Headquartered in Coral Gables, Fla., FECI
has a rich history dating back over a century. Mr. Henry Flagler
first established a predecessor company in 1892, which became a
pioneer in the development of Florida's eastern coast. Today, FECI
continues to transform Florida as the parent company to four distinct
business lines including Flagler, a full-service commercial real
estate company; All Aboard Florida, the United States' first
privately owned and operated intercity passenger rail system; Flagler
Global Logistics, an integrated logistics company that offers a wide
range of logistics services and real estate solutions; and Parallel
Infrastructure, a leader in third-party Right of Way (ROW)
investments and management services. FECI is owned by private equity
funds managed by affiliates of Fortress Investment Group, LLC. For
more information, visit http://www.feci.com.
Media
Contacts:
Mary
Sudasassi
rbb
Public Relations
305-448-6163
Kathleen
Rodriguez
Florida
East Coast Industries
305-520-2306
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