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.

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.

"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.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.