Foundry Commercial Acquires Doral Industrial Park
Berkadia arranged $14.1 million in acquisition financing on behalf of Foundry Commercial for the acquisition.
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.
The process for securing the ground lease for the development began in 2008. CLICK ON THE HEADLINE FOR MORE
He will lead development and investment activity in South Florida in his new role. CLICK ON THE HEADLINE FOR MORE
The addition of notable industry talent brings new opportunities for the commercial real estate firm. CLICK ON THE HEADLINE FOR MORE
The rebrand comes just months after the organization announced its spinoff from its former parent company. CLICK ON THE HEADLINE FOR MORE
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