Ryder takes 409K sf at Kurv Gratigny in Miami-Dade's top lease
Big-box demand in Miami-Dade is still finding the newest space, even as the market digests a supply wave.
Logistics giant Ryder System has leased the entire 409,000-square-foot warehouse at Kurv Industrial’s Gratigny building near Miami-Opa Locka Executive Airport, the largest known new industrial lease in Miami-Dade County so far this year.
Why it matters
The deal is a useful read on where Miami-Dade industrial demand is landing. The county has absorbed a meaningful supply wave, and the fear was that new big-box space would sit. Instead, a single credit tenant took a full building delivered in 2025, signaling that demand for the newest, best-located distribution product remains deep even as older or poorly sited space softens. For developers, the takeaway is product-specific: modern, large-floorplate boxes near the airport and rail still lease, while speculative small-bay in weaker submarkets carries more risk. It also validates Kurv Industrial, the rebranded former Bridge Industrial platform, as it builds out its Miami footprint.
The numbers
Ryder will use the building at 4700-4718 Northwest 135th Street, in unincorporated Miami-Dade, as a distribution center. Kurv Industrial, led by Steve Poulos and Gian Rodriguez, paid $15.6 million for the 26-acre site in 2022 and leases the underlying land from Miami-Dade’s aviation department. The building was completed last year. Ryder’s real estate is overseen by John J. Diez. Lease rate and term were not disclosed.
What’s next
Watch whether this full-building takedown pulls more national logistics tenants toward Miami-Dade’s airport submarket, and whether it prices up land near the runway. More at the Miami market hub and our industrial coverage.