Caterpillar® and Nissan North America, Inc. renew more than 60,000 SF combined at South Florida’s premier business park in Q1 2025
Miramar Park of Commerce, South Florida’s largest locally owned and managed business park, has announced long-term lease renewals with two Fortune 500 companies, Caterpillar® and Nissan North America, Inc.
A tenant in the Miramar Park of Commerce since 1999, Caterpillar has renewed a long-term lease for 45,000 sq. ft. at 3450 Executive Way. The world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial turbines and diesel-electric locomotives, continues to anchor key regional operations in Miramar with offices and a warehousing facility for engine repair.
Nissan North America, which moved to a 16,000-sq.-ft. training center and offices in the Miramar Park of Commerce at 3201 Executive Way in 1995, has also finalized a long-term lease renewal, reinforcing the company’s ongoing investment in South Florida.
“The commitment from globally recognized brands like Caterpillar and Nissan underscores the value of the Miramar Park of Commerce, which offers a strategic location, class A business park environment and a community that fosters long-term business success,” said Peter “PJ” Apol, Director of Leasing for Sunbeam Properties & Development, developer of the Park.
With the inclusion of Caterpillar and Nissan, Miramar Park of Commerce is home to 16 Fortune 500 companies. Among them are Stanley Black & Decker, Trane, Quest Diagnostics, ADI Global (Herman), TEVA Pharmaceuticals, Fastenal, PVH (Tommy Hilfiger / Calvin Klein), Otis Elevators, Siemens,
Toyota / Lexus, Turner Construction, Walgreens Boots Alliance and Johnson Controls. The continued presence of these companies highlights the Park’s reputation as a premier location for industry leaders across sectors including automotive, healthcare, aviation and logistics.
Miramar Park of Commerce, with more than 5.5 million square feet and home to more than 10,000 employees from more than 180 national and international companies, is a central hub for business growth and regional economic development. With a convenient location, diverse tenant base and flexible leasing options, the Park is one of South Florida’s most attractive commercial destinations.
Nissan was represented by Tom O’Loughlin of CBRE, and Caterpillar was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Goggins and Peter (“PJ”) Apol, Director of Leasing and Marketing, represented Sunbeam Properties & Development in both deals.