Prologis einforced its leadership in logistics real estate while outlining expansion plans in data center development at the recently held Citi’s Miami Global Property CEO Conference 2026.
The Chicago-based firm plans to replace the 16-acre Corporate Park of Doral at 7775 Northwest 48th Street with two warehouses totaling 268,700 square feet.
A major driver behind the growth for new industrial assets is a “flight to quality,” as companies consolidate operations from aging, smaller facilities into Class A buildings that offer greater clear heights and enhanced power capacity to support automation and robotics.
The UDB, created in 1983, was designed to safeguard environmentally sensitive wetlands, farmland, and the Everglades from urban expansion. Despite those protections, commissioners voted to allow the heavy equipment company to develop 246 acres west of Sweetwater. Miami-Dade Mayor Levine Cava called on the county commissioners to sustain her veto of their recent vote.
Terreno Realty’s shares have performed well but still appear modestly undervalued—by roughly 7%—suggesting that while the landfill-to-logistics strategy adds credibility to the story, its long-term value will depend on consistent execution rather than any single completed building.