CenterPoint Properties Breaks Ground on Miami-Area Logistics Park
- Jun 05, 2019
CenterPoint Properties has just broken ground on Port Everglades International Logistics Center, a two-building industrial and distribution facility totaling 296,207 square feet in Hollywood, Fla.
The company signed a ground lease with Port Everglades of Broward County in May 2019 and the project is slated for delivery in Spring 2020. RLC Architects headed up the project design and ANF Group will lead construction for CenterPoint’s first ground-up project in Florida. CBRE will handle property leasing, while Avison Young’s Senior Vice President Eric Swanson and Vice President Chip Faulkenberry will provide project management and development services.
Situated at 3413 and 3423 McIntosh Road, the development is close to Interstate 595 and Port Everglades Expressway, minutes away from the port and Intermodal Container Transfer Facility. The location is convenient for containers arriving at Port Everglades that require inspection services from U.S. Customs and U.S. Department of Agriculture.
The two buildings will sit on a 16.5-acre parcel. The building located at 3413 McIntosh Road will be a speculative industrial property with 151,200 square feet. The second development will total 145,007 square feet and is 100 percent preleased, with International Warehouse Services occupying 142,454 square feet. The other tenant will be the Foreign Trade Zone No. 25 at Port Everglades which will take up 2,553 square feet. John Dohm with Florida Transatlantic Holdings LLC advised the port authority on the relocation and facilitated the public-private partnership.
A few days ago, ASB Capital Management purchased a 221,542-square-foot distribution facility located 6.2 miles northwest of the logistics center. The 2018-completed warehouse commanded $38.2 million.