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A 107,000-sf manufacturing plant at the 20-year-old Pelmad Industrial Park in West Miami-Dade County will be losing its well-known tenant in October when the local Coach leather goods facility shuts down.

Sara Lee Corp., which owns Coach, is restructuring the operation as it prepares to spin it off as a separate company. Coach’s lease expires in mid-2001. About 97% of the park’s 3 million sf of space is currently leased at rents of between $5 and $6 psf. The Aibel family owns the park.

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