As a top industrial market in the country, South Florida’s robust demand for trucking terminals and general industrial facilities are driving forces behind this strategic acquisition. The Medley industrial market, the third largest submarket in Miami-Dade, boasts approximately 32.6 million square feet of industrial inventory.
A New York-based healthcare platform, with the purpose of packing medications, will lease flex commercial space in Prologis Beacon Industrial Park for the next five years. The company has already started its move-in and plans to be fully operational in its new space by the second quarter of 2024.
Flight Power’s leaders credit Miami-based International Finance Bank for helping them secure an equipment loan and other solutions for growing their business. In anticipation of the future, the company is strategically transitioning to its newly expanded facility, which is now four times larger. This move aligns with their goals of launching innovative product lines and expanding their team by 30-40%
The Live Local Act supersedes local governments’ zoning, density and height requirements for projects meeting specific affordable or workforce housing requirements, a controversial measure that some municipalities have opposed. Doral is among them.
Sold for $6.8 million, the property spanning 45,481 square feet comprises three buildings situated on a generous 77,753 square foot lot located at 7455 NW 32nd Ave, 7420 NW 31st Ave, and 3090 NW 75th St in Miami.