May 17, 2019 – Before a foundation had been poured or walls erected, Easton & Associates landed a tenant for a new industrial development set to break ground in Hialeah Gardens fronting the Florida Turnpike. The location is 14600 NW 112 Avenue.
Interglass Corporation, a Miami-based tempered-glass distributor and fabricator, signed a deal to move its manufacturing operation to the 65,500 square-foot building that is being developed by Medley-based CanPen Holdings. This is the first development project for CanPen, a newly formed company whose principals are—Jose “Pepi” Cancio, Jr. and Mario Penzo.
Easton & Associates President Jose Hernandez-Solaun represented both the landlord and tenant, who signed a 25-year lease. Interglass is leasing the entire building.
“Being our first project, it was very comforting to know that we had a long-term quality tenant lined prior to the walls going up,” said Penzo. “Easton & Associates has strong relationships with end users of warehouse/industrial space and was able to put together a deal very quickly.”
As this building moves forward, Hernandez-Solaun said CanPen already has its eye on developing a separate parcel in Hialeah Gardens with a small-bay warehouse project designed for 26 bays that 2,800 square feet each. Easton has been tapped to lease that property as well.
“Despite the high demand for small-bay space, there has been no significant new product delivered to the market recently due to high cost of land and construction,” said Hernandez- Solaun. “Our client had the foresight to purchase the land some time ago and the ability to deliver a great product.”