The South Florida office of Duke Realty Corporation, the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, secured a long-term lease agreement with FedEx Ground, a leader in cost-effective package ground shipping, for a new facility, at Miami 27 Business Park 10300. The company announced the start of
The South Florida office of Duke Realty has signed a prelease with a distributor of technology products for 160,793 square feet in a new 221,984-square-foot logistics building in Medley. The building is one of two logistics facilities planned on the 34.92 acre site, which will be known as Miami 27 Business Park. The tenant, which
The market for industrial property has been booming nationwide, but especially in South Florida, where developable land exists only in a 20-mile-wide strip between the Everglades and the Atlantic Ocean. Experts speaking on a Bisnow panel last week marveled at the growth of the sector, but also warned of “black swans” — unpredictable events with major consequences.
The South Florida office of Duke Realty announced that Miami Industrial Logistics Center, its three-building, 676,835-square-foot industrial hub, is 93 percent leased, just 18 months after it acquired the newly constructed, completely vacant industrial development.
The project, which began construction in 2016, will total more than 8 million square feet. CLICK ON THE HEADLINE FOR MORE