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		<title>New Industrial Warehouse Construction in Miami</title>
		<link>https://www.edwardredlich.com/2012/12/new-industrial-warehouse-construction-in-miami/</link>
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		<dc:creator><![CDATA[Ed]]></dc:creator>
		<pubDate>Mon, 10 Dec 2012 19:57:14 +0000</pubDate>
				<category><![CDATA[Miami Warehouses]]></category>
		<category><![CDATA[News & Press Releases]]></category>
		<category><![CDATA[centurion air cargo warehouse]]></category>
		<category><![CDATA[new industrial construction in miami]]></category>
		<category><![CDATA[new warehouses in miami]]></category>
		<guid isPermaLink="false">http://www.edwardredlich.com/?p=3814</guid>

					<description><![CDATA[<p>The ComReal Miami Industrial Team is pleased to present this report on new construction of industrial warehouses in Miami. Below you will find our report on nine (9) new, speculative construction projects for industrial warehouses in Miami-Dade County. At the time of this report, there is 1,270,000 sq. ft. of newly-completed and/or nearly-completed warehouse buildings&#8230;</p>
The post <a href="https://www.edwardredlich.com/2012/12/new-industrial-warehouse-construction-in-miami/">New Industrial Warehouse Construction in Miami</a> first appeared on <a href="https://www.edwardredlich.com">Miami Industrial Team</a>.]]></description>
										<content:encoded><![CDATA[<div id="attachment_3897" style="width: 335px" class="wp-caption alignleft"><a href="https://www.edwardredlich.com/wp-content/uploads/2013/01/warehouse-construction-in-miami.jpg" target="_blank"><img fetchpriority="high" decoding="async" aria-describedby="caption-attachment-3897" class="  wp-image-3897" title="warehouse construction in miami" src="https://www.edwardredlich.com/wp-content/uploads/2013/01/warehouse-construction-in-miami.jpg" alt="warehouse construction in miami" width="325" height="244" srcset="https://www.edwardredlich.com/wp-content/uploads/2013/01/warehouse-construction-in-miami.jpg 640w, https://www.edwardredlich.com/wp-content/uploads/2013/01/warehouse-construction-in-miami-300x225.jpg 300w" sizes="(max-width: 325px) 100vw, 325px" /></a><p id="caption-attachment-3897" class="wp-caption-text">New Warehouse Under Construction in Beacon Lakes</p></div>
<p style="text-align: left;">The ComReal Miami Industrial Team is pleased to present this report on new construction of industrial warehouses in Miami. Below you will find our report on nine (9) new, speculative construction projects for industrial warehouses in Miami-Dade County. At the time of this report, there is 1,270,000 sq. ft. of newly-completed and/or nearly-completed warehouse buildings in 2012. Please note that there is only one large industrial warehouse that is a custom, built-to-suit construction in Miami. This is the Centurion Air Cargo warehouse of +/- 800,000 sq. ft. It is located directly on Miami International Airport property. Since it is a non-speculative development it is not included in the comparison chart below. All of the other projects are being developed purely on a speculative basis. For more information, visit the <a href="https://www.edwardredlich.com/2012/11/centurion-cargo-miami/" target="_blank"><span style="text-decoration: underline;">Centurion Air Cargo warehouse in Miami. &gt;&gt;&gt;</span></a></p>
<p style="text-align: left;">The only other project worth mentioning is Flightway West located in Airport West Dade at 13431 NW 19th Lane. The project consists of 24 units of 5,030 sq. ft. each totaling about 120,000 sq. ft. The units have 3 dock doors each; about 900 sq. ft. office space with overhead mezzanine. This development was also not included since it is designed for small bay users. As our team predicted in our prior newsletters, several opportunistic investors had acquired vacant land in 2011 when market pricing seemed to be at the bottom. Afterward the speculative construction commenced which had been almost non-existent for the prior four years. For a copy of the complete report which includes floor plans, site plans, a more in-depth comparison chart and brochures with more details, please contact us anytime. Thank you very much.</p>
<p><a href="https://www.edwardredlich.com/wp-content/uploads/2013/01/miami-warehouses-map.jpg" target="_blank"><img decoding="async" class="  aligncenter wp-image-3909" title="miami warehouses map" src="https://www.edwardredlich.com/wp-content/uploads/2013/01/miami-warehouses-map-1024x828.jpg" alt="miami warehouses map" width="800" height="647" srcset="https://www.edwardredlich.com/wp-content/uploads/2013/01/miami-warehouses-map-1024x828.jpg 1024w, https://www.edwardredlich.com/wp-content/uploads/2013/01/miami-warehouses-map-300x242.jpg 300w, https://www.edwardredlich.com/wp-content/uploads/2013/01/miami-warehouses-map.jpg 1285w" sizes="(max-width: 800px) 100vw, 800px" /></a></p>
<p>&nbsp;</p>
<p><span style="text-decoration: underline;"><strong>Completed and/or Nearly-Completed Warehouses:</strong></span></p>
<table border="0" width="590" cellspacing="0" cellpadding="0">
<colgroup>
<col width="83" />
<col width="96" />
<col width="90" />
<col width="73" />
<col width="93" />
<col width="75" />
<col width="80" /> </colgroup>
<tbody>
<tr>
<td width="83" height="100"><span style="text-decoration: underline;"><strong>Property Name</strong></span></td>
<td width="96"><span style="text-decoration: underline;"><strong>Beacon Lakes Building<br />
</strong></span></td>
<td width="90"><span style="text-decoration: underline;"><strong>Miami Int&#8217;l. Distribution Center</strong></span></td>
<td width="73"><span style="text-decoration: underline;"><strong>DCT Commerce  Center</strong></span></td>
<td width="93"><span style="text-decoration: underline;"><strong>Flagler Station Building </strong></span></td>
<td width="75"><span style="text-decoration: underline;"><strong>Pan American  North Business  Park</strong></span></td>
<td width="80"><span style="text-decoration: underline;"><strong>Vivo &amp; Fonte   Warehouse</strong></span></td>
</tr>
<tr>
<td width="83" height="20"><span style="text-decoration: underline;"><strong>Map #</strong></span></td>
<td width="96">1</td>
<td width="90">2</td>
<td width="73">3</td>
<td width="93">5</td>
<td width="75">6</td>
<td width="80">7</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Address</strong></span></td>
<td width="96">12650 NW 25th  ST</td>
<td width="90">1900 NW 132nd PL</td>
<td width="73">1801 NW 135th AV</td>
<td width="93">100XX NW 112th AV</td>
<td width="75">10733 NW 123rd ST</td>
<td width="80">11800 NW 101st RD</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Sub-</strong></span><span style="text-decoration: underline;"><strong>Market</strong></span></td>
<td width="96">West Dade</td>
<td width="90">West Dade</td>
<td width="73">West Dade</td>
<td width="93">Medley</td>
<td width="75">Medley</td>
<td width="80">Medley</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Developer</strong></span></td>
<td width="96">Prologis</td>
<td width="90">KTR</td>
<td width="73">DCT</td>
<td width="93">Flagler</td>
<td width="75">Industrial Income Trust</td>
<td width="80">Vivo &amp; Fonte</td>
</tr>
<tr>
<td width="83" height="17"><span style="text-decoration: underline;"><strong>Total Size (Sq. Ft.)</strong></span><span style="text-decoration: underline;"><strong><br />
</strong></span></td>
<td width="96">189,906</td>
<td width="90">335,841</td>
<td width="73">334,000</td>
<td width="93">171,668</td>
<td>185,520</td>
<td width="80">52,524</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Asking Gross Lease Rate PSF</strong></span></td>
<td>$9.25</td>
<td>$9.50</td>
<td>$9.25</td>
<td>$8.50</td>
<td>TBD</td>
<td>$8.75</td>
</tr>
<tr>
<td width="83" height="40"><span style="text-decoration: underline;"><strong>Column Spacing</strong></span></td>
<td>54&#8242; x 41&#8242;</td>
<td>54&#8242; x 50&#8242;</td>
<td width="73">40&#8242; x 40&#8242;</td>
<td>40&#8242; x 40&#8242;</td>
<td>51&#8242; x 53&#8242;</td>
<td>45&#8242; x 45&#8242;</td>
</tr>
<tr>
<td width="83" height="40"><span style="text-decoration: underline;"><strong>Ceiling Height</strong></span></td>
<td>30&#8242;</td>
<td>36&#8242;</td>
<td>28&#8242;</td>
<td>30&#8242;</td>
<td>30&#8242;</td>
<td>24&#8242; &#8211; 28&#8242;</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Expected Completion Date</strong></span></td>
<td>2Q 2012</td>
<td>1Q 2013</td>
<td>2Q 2012</td>
<td>1Q 2013</td>
<td>1Q 2013</td>
<td>4Q 2012</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p><span style="text-decoration: underline;"><strong>Warehouse Buildings in the Planning Stages:</strong></span></p>
<table border="0" width="342" cellspacing="0" cellpadding="0">
<colgroup>
<col width="83" />
<col width="96" />
<col width="90" />
<col width="73" /> </colgroup>
<tbody>
<tr>
<td width="83" height="120"><span style="text-decoration: underline;"><strong>Property Name</strong></span></td>
<td width="96"><span style="text-decoration: underline;"><strong>South Florida Logistics Center</strong></span></td>
<td width="90"><span style="text-decoration: underline;"><strong>Miami Int&#8217;l. TradePort</strong></span></td>
<td width="73"><strong><span style="text-decoration: underline;">Miami International Logistics Center</span> </strong></td>
</tr>
<tr>
<td width="83" height="20"><span style="text-decoration: underline;"><strong>Map #</strong></span></td>
<td width="96">4</td>
<td width="90">8</td>
<td width="73">9</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Address</strong></span></td>
<td width="96">NW 36 Street &amp; 67 AV</td>
<td width="90">NW 121 Way and Florida Turnpike</td>
<td width="73">725 SE 9 Court</td>
</tr>
<tr>
<td width="83" height="40"><span style="text-decoration: underline;"><strong>Sub- Market</strong></span></td>
<td width="96">West Dade</td>
<td width="90">Medley</td>
<td width="73">Hialeah</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Developer</strong></span></td>
<td width="96">Flagler</td>
<td width="90">Liberty Property Trust</td>
<td width="73">Keating Resources</td>
</tr>
<tr>
<td width="83" height="17"><span style="text-decoration: underline;"><strong>Total Size Sq. Ft.</strong></span><span style="text-decoration: underline;"><strong><br />
</strong></span></td>
<td width="96">1,455,000</td>
<td width="90">1,800,000</td>
<td width="73">400,000</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Asking Gross Lease Rate PSF</strong></span></td>
<td>TBD</td>
<td>$8.25</td>
<td>$8.50</td>
</tr>
<tr>
<td width="83" height="40"><span style="text-decoration: underline;"><strong>Column Spacing</strong></span></td>
<td width="96">TBD</td>
<td>50&#8242; x 54&#8242;</td>
<td>50&#8242; x 50&#8242;</td>
</tr>
<tr>
<td width="83" height="40"><span style="text-decoration: underline;"><strong>Ceiling Height</strong></span></td>
<td>TBD</td>
<td>30&#8242;</td>
<td>40&#8242;</td>
</tr>
<tr>
<td width="83" height="60"><span style="text-decoration: underline;"><strong>Expected Completion Date</strong></span></td>
<td>2013-2014</td>
<td>3Q 2013</td>
<td>2Q 2014</td>
</tr>
</tbody>
</table>
<p style="text-align: left;">For more information on the Miami International Logistics Center warehouse, please click here for <a href="https://www.edwardredlich.com/wp-content/uploads/2013/01/MILC-Warehouse-Brochure.pdf" target="_blank"><span style="text-decoration: underline;"><strong>PROPERTY BROCHURE. &gt;&gt;&gt;</strong> </span></a></p>The post <a href="https://www.edwardredlich.com/2012/12/new-industrial-warehouse-construction-in-miami/">New Industrial Warehouse Construction in Miami</a> first appeared on <a href="https://www.edwardredlich.com">Miami Industrial Team</a>.]]></content:encoded>
					
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