Houston feels he has landed in a niche industrial market at the commercially strategic intersection of the Florida Turnpike and SW 152 Street, 10 miles from Downtown Miami.
"The Southwest Kendall/Tamiami industrial submarket is a secondary warehouse market that has gained quite a bit of momentum lately due to the increased congestion in the West Airport market and due to the incredible amount of residential construction within this submarket," Houston tells GlobeSt.com.
The developer says he is aiming for tenants that may have the owner or number of employees living in the area and want to avoid the 45-minute commute to the West Airport area.
"There is very little modern, attractive dock-height product in this submarket so we feel that our project will offer new alternatives to tenants that had not looked to this market previously," Houston says.
The quoted gross rental rate, with a 20% office buildout, is $8.25 per sf. Both buildings will have bays of at least 5,560 sf and rear-loading with two 10-foot-by-10-foot doors per bay. Docks are four feet high with a 50-foot concrete floor slab for trucks. There are 220 surface parking space with tenants getting 1.55 spaces per 1,000 sf leased.
Houston says another factor favoring Deerwood Commerce Center's success is the close proximity of corporate neighbors such as the FedEx regional facility, Excalibur Electronics, Precision Response Corp., Swiss Cap Group and Noven Pharmaceuticals' corporate campus.
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