Lee & Associates South Florida Vice President Michael Avendano successfully represented Hephaestus Pharmaceuticals LLC in a new industrial lease in Doral. The company leased 12,800 square feet within Prologis Beacon Industrial Park.
Avendano negotiated the five-year lease on Hephaestus’ behalf. Located at 10913 NW 30th St. Suite 102, the warehouse includes 24’ clear height, one drive-in bay, five loading docks and 2,764 square feet of office space.
Hephaestus plans to build a sterile compounding facility in the space to manufacture and pack prescriptions for wellness-related medicines providing treatments for insomnia, testosterone replacement, hair loss, erectile dysfunction, weight management issues and more.
Located within the Airport West/Doral submarket, Prologis Beacon Industrial Park is a premier business park with easy access to Miami International Airport, major highways and many restaurants, hotels, banks and shopping centers.
“We are excited to complete our first transaction with Hephaestus Pharmaceuticals and look forward to many more in the future,” Avendano said. “The company, like others in the pharmaceutical industry, is bullish on South Florida as a growth market.”
Based in Miami, Avendano focuses on industrial sales and leasing. He is an active member of the Commercial Industrial Association of South Florida (CIASF).
“This lease underscores the rise in demand for South Florida industrial space from pharmaceutical companies,” Lee & Associates South Florida President Matthew Rotolante said. “We are seeing that demand in both our landlord and tenant representation activities.”
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased nearly $32.4 Billion in 2021 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.