Foundry Commercial Breaks Ground On 983,000 SF Spec Industrial Project
The project is expected to deliver in late 2023.
The project is expected to deliver in late 2023.
He brings more than a decade of experience overseeing, leading, and directing successful operations within both skilled nursing and assisted living and memory care communities.
Seagis plans to break ground by year’s end on a modern, new 117,790-square-foot industrial building that caters to today’s industrial users.
When completed, the distribution complex will encompass three LEED-certified warehouse buildings totaling over 495,000 square feet.
Foundry and HighBrook purchased the property from a family business unit that had owned AIC for more than 20 years.
Berkadia arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition.
The project is on a fast-track for completion in the second quarter of 2021.
The fulfillment center, which would employ 1,000 full-time staffers, would be Amazon’s fourth in South Florida and will service orders from cities across the country, Amazon said Tuesday.
“I am looking forward to a rewarding new year in commercial real estate,” said 2021 NAIOP South Florida Chapter President Ryan Nee. “As president, I will work to facilitate new alliances among members that will support personal, professional and economic development throughout the tri-county. While the pandemic limited face-to-face engagement in 2020, we are eagerly committed to offering new ways for our members to engage and thrive in 2021.”
Located near the intersection of Florida’s Turnpike and U.S. 27, and close to Interstate 75, Midpoint Miami Logistics Park will provide next-generation industrial space in a market responding to intense demand spurred by the uptick in ecommerce during the COVID-19 pandemic.
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