Completed in 2022, the 157,214-square-foot warehouse property is located within Beacon Lakes, a 640-acre industrial park also developed by Codina Partners. Prologis plans to redevelop the warehouse into a logistics facility.
Florida’s industrial market is showing signs of stability from Jacksonville to Miami. Moving into 2025, the effects of economic shifts are shaping a unique business landscape, creating a more predictable environment for development. With the tension between supply and demand easing, business leaders are growing more optimistic.
Ironwood Commerce Center, a self-contained industrial park in Miami totaling 505,436 square feet of warehouse space, was sold for an undisclosed amount. Top industrial facilities like this one continue to trade, proving that the Miami metro area is the best-performing industrial market in the country.
San Francisco-based Prologis filed an administrative modification application with county officials for the 18.5-acre site at 9700 N.W. 112th Ave., in the Flagler Station business park near Doral.
The major container ports in the U.S. are expected to see a continued surge in imports with a strike at East and Gulf Coast ports possible in January, and President-elect Donald Trump planning to increase tariffs.