Italian Luxury Floor Manufacturer Idea Ceramica Affirms American Presence With Expansion and Boosted Emphasis on Miami's Industrial Core

Nov 20, 2019 290

COMPASS COMMERCIAL today announced that its industrial brokerage division negotiated a 39,000 square foot lease on behalf of Idea Ceramica USA, Inc. at a facility in the heart of Medley, FL, a prime distribution hub in Northwestern Miami-Dade County. Compass Realty's Commercial Division represented the tenant in the lease transaction and was the only broker involved in the deal.

The new lease includes more than 39,000-square-feet of highly efficient warehouse space, plus offices, and employee service space. "The principals of Idea Ceramica demanded a sub $9.00 per square foot rental rate. This occupancy expense limit left newly constructed distribution buildings out of consideration. 

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