An aviation services company that specializes in engine repairs, maintenance, leases and investments is moving to a headquarters in Miami-Dade that’s nearly four times the size of its current space.
Powerhouse Engines signed a 10-year lease for 90,000 square feet across two industrial buildings at Hamilton Development’s Tamiami Logistics Center in West Kendall at 14100 Southwest 136th Street, according to a company release.
Situated near the Miami Executive Airport and Florida Turnpike, Nashville-based Hamilton, whose South Florida division is led by partner Hayne Hamilton, started construction on the Class A industrial park last year. The property is 96 percent leased, and a third building is fully built out with only 7,000 square feet of space still available.
Jose Juncadella, Sebastian Juncadella and Jonathan Lay at Fairchild Partners handled the pre-leasing.
Records show Hamilton acquired the nearly 7-acre site from Baptist Health South Florida last year for $12.3 million and filed plans in 2024 for 113,900 square feet of industrial space across three buildings.
The developer demolished a 45-year-old, 45,000-square-foot office building on the site, the South Florida Business Journal reported. Baptist Health still owns and operates an 11,000-square-foot freestanding emergency room nearby.
Powerhouse Engines is expected to move from its 25,000-square-foot headquarters nearby in the first quarter of next year.
The South Dade submarket had 19.2 million square feet of warehouse/distribution space and a relatively low 3.4 percent vacancy rate in the second quarter, with 112,924 square feet under construction and 265,318 square feet of deliveries, while average asking rents are $17.39 per square foot, according to Colliers.
Recent Miami-Dade industrial sales included Longpoint Partners’ $38.8 million purchase of a 146,700-square-foot, four-building portfolio in Medley, Woodhill Real Estate’s $32 million acquisition of a 10-building portfolio in East Hialeah, and Longpoint’s $24.6 million purchase of a 90,000-square-foot warehouse in Miami.
There’s strong supply and demand for industrial space near several airports in Miami-Dade, where proximity makes properties particularly attractive to logistics, distribution and aviation-related tenants.
An Avison Young report showed that the industrial sector was the strongest commercial real estate asset class in South Florida for sales in the first half of the year. A total of 193 deals closed for a combined $3.3 billion, marking a 130.5 percent jump from last year.
Investment sales had the lowest cap rates across South Florida asset classes, from 4.12 percent to 4.64 percent, the report shows. Deals that traded ranged from $230 per square foot to $340 per square foot.
Beyond the e-commerce boom that drove demand for last-mile distribution centers, the region benefits from its position as the “Gateway to Latin America,” making South Florida a major crossroads for goods moving into and out of the U.S.
Sales have also been fueled by the One Big Beautiful Bill Act, which restored accelerated depreciation, allowing owner-users to deduct the cost of equipment and certain building components from their taxable income more quickly.
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