Managed by Miami-based Codina Group, the 106-acre industrialpark in the Medley/airport north submarket comprises 25 office,showroom and warehouse buildings that are either leased or sold toabout 100 companies. Construction buildout is projected at abouteight million sf.

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Market activity appears strong in the industrial park. Lastmonth, Flagler Development negotiated an estimated $3.1 millionsale, or roughly $6 per sf, on a 11.84-acre parcel to Dade Paper& Bag Co., a Miami-based company that plans to build ahigh-tech plant to improve the manufacturing of its paper, plastic,foam, chemical and janitorial products.

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Just recently, Flagler completed construction on a 100,000-sfcall center for Union Planters. Work recently started on two otherbuild-to-suit projects totaling 500,000-sf, including a 300,000-sfbuilding for Caterpillar Logistics.

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