Capital Improvements Underway At Prologis’ Miami International Tradeport

Renovations are underway for Building 7 at Miami International Tradeport, an industrial park owned by Prologis that features 10 state-of-the-art buildings in Miami-Dade.

Located at 11150 NW 122nd St., the 140,700-square-foot building is undergoing a series of upgrades that will further enhance the property for current and prospective tenants. Upgrades to the property will be completed by Q1 2025.

The JLL brokerage team of Managing Director Peter Sheridan, Senior Associate Yuri Quispe, and Associate Peter Johnston, will spearhead leasing efforts.

Prologis is a global leader in logistics real estate and long-time business partner of South Florida, owns and operates 30 million square feet of industrial space in the market.

“Prologis has once again showcased their deep understanding of the industrial market in South Florida as this latest investment marks a significant enhancement to the region’s overall industrial landscape,” said Sheridan. “The extensive renovation will further position the property as an ideal choice for companies looking to take advantage of unparalleled flexibility for modern logistics and distribution operations.”

Renovation efforts include a brand-new warehouse floor, upgraded exterior paving, and modernized offices featuring increased natural light through additional windows. Upgrades will incorporate additional entrances to optimize accessibility and expanded parking facilities. In addition to the enhanced building infrastructure, a standout feature is the adjacent 3.1-acre storage yard, capable of accommodating 56 trailer parkings, ideal for businesses requiring substantial industrial outdoor storage or distribution capabilities.

“The investment at Miami International Tradeport 7 demonstrates our customer-centric mindset. Future-proofing our industrial spaces now enables us to meet future demands of our customers operating in Miami,” said Jason Tenenbaum, senior vice president and market officer for Prologis in South Florida.

 

Barbara Mantecon Rodriguez, director of leasing at Prologis added, “The property’s exceptional location coupled with state-of-the-art upgrades, offer a great opportunity for businesses seeking modern, efficient, and flexible industrial solutions within the industrial sector in Miami.”

The newly renovated space will offer more than 2,500 square feet of spec office spaces and 5,000 square feet of additional office areas, all designed to maximize efficiency. The property’s many amenities include:

• 32’ clear height and a building depth of 200 feet, optimizing vertical storage and operational efficiency.
• A 130-foot, non-shared truck court and 45 dock high doors plus three drive-in doors ensure smooth logistics operations.
• 234 car parking spaces, impact glass, and clerestory dock area windows to enhance natural lighting.

Miami International Tradeport is ideally positioned to serve the vibrant Miami industrial market, offering proximity to major transportation routes and logistical hubs. Its strategic location provides seamless access to Miami International Airport, Port of Miami, and key interstate highways, facilitating streamlined distribution networks.

According to JLL’s latest Q2 Industrial Insights Report, Miami’s industrial market will continue attracting institutional capital and benefitting from migration trends. The low vacancy rate of 3.2% and an influx of new deliveries reflect high demand from institutional and commercial sectors. The area’s strategic location with access to domestic and international trade channels, including the Airport and Port of Miami, will continue contributing to its growth.