X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

MIAMI-Beacon Lakes Business Park, a 436-acre suburban campus that San Francisco-based AMB Property Corp. and Flagler-Codina Development plan to grow to a six-million-sf enclave, has signed two tenants to a total 227,586 sf. The park currently has three completed buildings totaling 600,000 sf.

The new tenants are Panalpina Inc. which has leased 192,426 sf at Building 10 and Freight Logistics which rented 35,160 sf at Building 6. Both tenants expect to take occupancy in early 2007. Codina Realty Services Inc., a Flagler-Codina company, handled the leases.

“The size and diversity of these transactions reflect the increasing demand for commercial space in the region,” says David C. Albert, vice president of Codina Realty Services. “With the scarcity of developable land in South Florida and the region’s robust economic growth, we expect to see continued strong leasing and land acquisition demand at Beacon Lakes from companies needing office and industrial space.”

Because of its size, “one of Beacon Lakes’ many benefits is its ability to accommodate the expansion needs of its tenants and buyers,” says Rafael Romero, a Flagler-Codina vice president, finance and development, and project director for Beacon Lakes. The park’s “scale and design enables us to accommodate the present and future needs of companies seeking commercial, industrial and office space.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.