AMB Property Corp. plans to develop approximately one million sfof space on the site, in a project to be called AMB I-75 BusinessCenter, with a groundbreaking planned for mid-2009.

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The land is bordered by Interstate 75 to the east, 170th Streetto the north and 97th Street to the west. It is one of the lastremaining major parcels of undeveloped property in the Interstate75 North corridor, an area viewed as the last frontier for largecommercial development in Miami-Dade County.

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"The land is in a virgin area," Cushman & Wakefieldindustrial broker Brian Smith tells GlobeSt.com. "Access to theland is through a dirt road. I haven't seen that in 10 years."Smith and C&W industrial broker Wayne Ramoski represented ShomaDevelopment.

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Shoma Development acquired the site in 2001 for residential use,but was persuaded by the county to rezone the land for industrialuse due to its close proximity to rock mining operations. "Once theland was rezoned to industrial, it made sense to sell because ofthe prices for land," Smith says.

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The land is in close proximity Interstate 75, the FloridaTurnpike, Palmetto Expressway and Gratigny Parkway and has directaccess to the Miami Airport and Port of Miami.

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AMB's current portfolio consists of more than seven million sfof industrial space in Miami-Dade County. Leasing efforts have notyet started for the project, but it is expected to attract bulkdistribution users, Smith says.

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