East Capital Partners Breaks Ground On New Distribution Center In South Florida
CBRE has been retained by East Capital Partners to market a new state-of-the-art distribution center totaling approximately 171,178 rentable square feet at 16300 NW 97th Ave. in Hialeah.
Devin White with CBRE Industrial & Logistics will be leading marketing efforts on behalf of East Capital Partners.
“We are excited team up with Devin and the CBRE team on our second warehouse development in Miami given their extensive knowledge and its significant barriers entry coupled with its attractive demographic trends,” said Drew DeWitt, co-founder of East Capital Partners.
The project recently broke ground and is expected to be delivered in Q2 2025. Simultaneously with the initial construction, the Class A+ warehouse will include two sets of high-end speculative office space situated at either end of the building, 36-foot warehouse clearance, LED lighting, ESFR sprinklers and a non-shared truck court that can be privatized. The new distribution center will sit approximately two miles from Interstate 75 and less than a mile from the new interchange at the Florida Turnpike and NW 170th Street.
“As the largest industrial project to commence construction in South Florida this quarter, this building will attract all types of users in need of distribution space,” said Mr. White, an Executive Vice President with CBRE and local industrial expert. “The Northwest section of Dade County is the most active submarket in the entire county, and as a result, the owners in the surrounding area include some of the biggest institutions in the world.”
According to CBRE Research, industrial vacancy in Hialeah sits at 3.74%.
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