Bel USA has renewed its 342,750 sqf lease in the Medley Logistics Park. The facility, with Florida Turnpike frontage, provides 670,000 sqf split between three buildings and is located on 39 acres of land outside of Miami. Newmark Grubb Knight Frank’s Executive Managing Directors Steven Medwin and Nick Wigoda represented the landlord, an institutional client, while David Albert of CBRE represented the tenant. Bel USA has been a tenant in the park since its completion in 2010, using it for space to manufacture, distribute and sell promotional items like coffee mugs and t-shirts. “This long-term renewal demonstrates how well this facility works for Bel USA”, said Medwin. “It also happens to be one of the largest lease renewals to occur in South Florida in several years.”
