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.
Originally built to power energy-intensive cryptocurrency operations, many mining facilities already have what AI developers need: large secured power allocations, access to low-cost electricity, industrial cooling systems, expansive campuses, and high-bandwidth connectivity potential. However, the conversion is not simple.