Prologis has assigned to Colliers South Florida the leasing of its Prologis Miami Worldwide Tradeport, a 10-building, 1.7 million-square-foot master-planned Class A enterprise park within the Medley submarket of Miami-Dade.
Miami Worldwide Tradeport is at 11130-11450 N.W. 122nd St. in Medley, Fla., simply east of the Florida Turnpike and south of Okeechobee Street. The placement offers easy accessibility to Miami Worldwide Airport, PortMiami and main highways.
The buildings reportedly are appropriate for logistics, distribution and manufacturing customers and have 30- to 36-foot clear heights, 54-foot column spacing and 130-foot non-shared truck courts, in addition to ESFR sprinkler techniques, LED lighting and ample parking.
Colliers’ EVP Erin Byers, Senior VP Lauren Tempo, VP Ruben Suarez and EVP Steven Wasserman will likely be advertising and marketing the property, which has obtainable areas starting from 34,000 to 140,000 sq. ft.
Combined image for Miami-Dade’s industrial market
The Miami-Dade industrial actual property market has seen web absorption fall to a unfavourable 750,000 sq. ft over 12 months, as common emptiness has risen from 2.0 p.c in 2022 to five.5 p.c at first of this yr, based on a January publication from Smith Industrial Property Group, of Doral, Fla.
“Tenant demand is slowing and lease progress has moderated after a pointy rise of 31.9 p.c over three years,” Smith reported. “Regardless of these challenges, Miami stays an important logistics hub with sturdy worldwide commerce hyperlinks by way of its airport and port. Provide constraints, pushed by geographical limitations just like the Everglades, preserve emptiness charges beneath the U.S. common, and lease progress is predicted to select up by 2026.”
This previous November, BGO Chilly Chain acquired Medley Chilly Logistics, a 178,000-square-foot Class A chilly storage facility in Medley, Fla., from Truist Securities for a reported $60 million. JLL organized the deal for Truist. The one-story warehouse at 7600 N.W. 82nd Place is absolutely occupied by Quirch Meals.
