Here are some of the new projects and industrial expansion in the works in Miami-Dade County:
• Prologis, a San Francisco-based real estate investment trust, is expected to complete construction this month of a new 189,000-square-foot building at the Beacon Lakes Business Park in Airport West.
• DCT Industrial Trust of Denver broke ground in April on the first of two 167,000-square-foot buildings at the Pan American West Business Park. The building for the DCT Commerce Center should be finished this fall with the second building starting construction later this year and ready in mid-2013.
• Flagler Station Business Park, in the Medley submarket, has started construction of its 175,000-square-foot warehouse scheduled to be completed by the fourth quarter.
• KTR Capital Partners, a suburban Philadelphia-based private equity firm, has begun construction on a 336,000-square-foot warehouse and distribution building called the Miami International Distribution Center in the Pan American West Business Park.
Industrial Income Trust, a Denver-based real estate investment trust, just began construction on a 186,000-square-foot facility in Medley’s Pan American North Business Park that is expected to be finished by the end of the year.
Liberty Property Trust, a Pennsylvania-based real estate investment trust, invested about $20 million to acquire 126 acres for the building of Miami International Tradeport. The project will include more than 1.6 million square feet of warehouse and distribution space, with the first 150,000 to be delivered next year and the entire project built out over as long as a decade.
Activity is also starting to pick up in South Broward:
• Industrial Developments International, a privately held Atlanta real estate company, this quarter will finish a 264,000-square-foot warehouse at Miramar Centre Business Park with a lease out for signature to a single tenant.
Sunbeam Properties is building a new 87,000-square-foot building at Miramar Park of Commerce that is scheduled for completion by the end of the year. Elaine Walker