Foundry Commercial and Clarion Partners Complete Leasing Agreement with Amazon at Carrie Meek International Business Park in Miami

Posted on June 7, 2017

--Commercial real estate firm to develop state-of-the-art facility at Opa-locka Executive Airport on behalf of retail giant--

MIAMI, Fla. (June 7, 2017) – Foundry Commercial and Clarion Partners, LLC have completed a lease with Amazon at Carrie Meek International Business Park, a speculative $250 million industrial project at the Opa-locka Airport in Miami-Dade County. “This lease represents one of the largest leases done in the history of Miami-Dade County,” said Ford Gibson, a Managing Director with Foundry who will oversee the development of the asset on behalf of Foundry Commercial. Foundry expects to break ground within 60 days.

The announcement of Amazon’s decision to occupy the industrial park comes just months after Foundry Commercial revealed details on its unprecedented public/private partnership with The Carrie Meek Foundation. Under the partnership, the Foundation will receive a portion of all proceeds generated from the facility to offer job training to area residents, among other life-altering services, such as health care, affordable housing and education.

“This deal shows the power of our partnership with the Foundation,” said Gibson. “We came together with Foundation with the collective vision of building a successful real estate development that would create jobs for the residents in the area and across all of Miami-Dade County. Today we have realized that vision by bringing Amazon and at least 1,000 new jobs to Opa-locka. A portion of the proceeds from the development will be used by the Foundation to help prepare our residents for the jobs that will be created there. We are so proud to be a part of this unique development and unprecedented partnership.”

“The continued success of the Carrie Meek International Business Park is an exciting opportunity for Clarion Partners as we strategically grow our South Florida industrial portfolio,” added Kris Arviso, Senior Vice President and Acquisitions Officer at Clarion Partners. “This lease is a significant milestone for the project and we are proud to work with great partners like Amazon, the Meek Foundation and Foundry Commercial.” Clarion Partners is developing the project on behalf of a commingled fund managed by the firm.

The more than 800,000-square-foot Class A facility will serve as a regional fulfillment center for Amazon equipped with some its the most advanced technologies.

“Miami-Dade County, and especially Mayor Gimenez and his staff deserve a lot of the credit for this lease, as they have worked tirelessly and hand-in-hand with us in bringing Amazon to Miami-Dade.” Gibson added.

About Foundry Commercial

Foundry Commercial is a full-service real estate services and investment company with 270 employees and more than 40 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the Country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control nearly $700 million in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management-led buyout. For more information, visit www.foundrycommercial.com.

About Clarion Partners, LLC

Clarion Partners, an SEC registered investment adviser, FCA authorized manager and FINRA member firm, has been a leading U.S. real estate investment manager for more than 34 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With $44 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.

Media Contact for Foundry Commercial:

Lauren Bowes

lbowes@findsomewinmore.com (407) 722-7843