Beacon Centre's largest tenant is Tech Data with 224,000 sf.Other tenants are DHL, Telegis, Commonwealth Distributors,Geologistics, Acer and Kuehne & Nagel. About 90% of the complexis bulk warehouse space. The remainder is office and retail.Warehouse space averages $7 per sf to $8 per sf.

The Beacon Centre purchase gives AMB four million square feet ofindustrial space in the west airport submarket here, according toAMB asset manager Dave Buxbaum based in Boston. "The strategy is toown real estate on or near the airport." Buxbaum says. "MiamiInternational Airport is a very important player in the global airfreight market."

ther AMB properties are Miami Airport Business Center, purchasedin August of 1999, and Bear Center, Blue Lagoon and BeaconIndustrial Park, purchased in mid 1990. Coral Gables, FL-basedCodina Group will lease and manage Beacon Centre. As of Sept. 30,AMB owned, managed and held renovation and development projectstotaling 87 million sf and 946 buildings in 25 metro markets.

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