NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today their team of Joseph Gallaher and Jeremy Larkin negotiated on behalf of their client, AutoZone Stores, Inc. a 33,120 square foot retail lease in Lauderhill Mall, located at 1229 North State Road 7, Lauderhill, Florida. The store will be a Mega Hub store which will not only serve as a 100,000 SKU retail superstore but also as a distribution center for the South Florida market. It will ensure all standard store SKUs will be constantly replenished and will greatly improve delivery times on specialty parts. The landlord is Lauderhill Mall Investment, LLC. The lease is valued at over $3 million.
AutoZone Stores, Inc. is the leading retailer and distributor of automotive replacement parts and accessories in the U.S. NAI Miami’s Joe Gallaher has been AutoZone’s South Florida real estate representative since 2008 and has closed 22 transactions with 13 more pending closing in the next 12 months.
About NAI Miami
NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior results. To learn more, visit www.naimiami.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. To learn more, visit www.naiglobal.com.
