MIAMI-Boca Raton-based Procacci Development Corp. has purchased 29 acres of land at Dolphin Commerce Center for $21.4 million, a deal that makes the company the largest land owner at the center.

The land was purchased from Lightspeed at Beacon Tradeport Development LLC. Wayne Schuchts, CB Richard Ellis senior vice president, brokered the transaction. “We’ve had our eye on Miami’s Airport West corridor because it has always been a thriving market for office development due to its proximity to Florida’s Turnpike, the Dolphin Expressway, the Miami International Airport and the surrounding neighborhoods,” says Procacci Development Corp. president Philip Procacci.

Procacci had previously purchased 14 acres at the park. With the new land, the company has plans to build two class A office buildings of 185,000 sf each on Parcels A and B, which will front the Florida Turnpike on N.W. 117th Avenue. These buildings will be available as build-to-suit. Procacci also plans to build two three-story class A office buildings of 86,500 sf each on Parcels C and D, which will front the Dolphin Mall on NW 20th Street. Also planned are three buildings offering warehouse/showroom bays of 1,512 to 4,176 sf for lease on Parcel F.

The buildings will all contain hurricane-resistant features, such as being designed to withstand wind speeds of up to 185 miles per hour. Buildings will also have solid concrete roofs, solid concrete steel reinforced tilt-up wall panel exteriors and emergency back-up generators that will provide 100% of the energy needed to meet both life safety and HVAC requirements. “We believe we’re offering a product on the market that’s not available anywhere else,” Procacci tells GlobeSt.com. “We believe that the demand in Miami is certainly there. We’ve experienced quite a bit of damage from Hurricane Wilma.”

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