Miami, FL – June 10, 2015 – (RealEstateRama) — CBRE has been selected by DCT Industrial (NYSE:DCT) as exclusive leasing agent for the newest Class A warehouse development in Miami’s Airport West submarket. DCT Commerce Center II will be developed as three free-standing buildings totaling ±430,000 square feet. The project shall be located between NW 129th and 130th Avenue and NW 12th and 17th Streets, directly across the street from DCT Commerce Center I, a two-building, 334,000-square foot project built in 2012. The first building at Commerce Center II will be 135,000 square feet and is expected to be delivered in the second quarter of 2016. The CBRE industrial team selected to lease DCT Commerce Center II includes David Albert, SIOR; Devin White; and Andrew Lehrer.
“It is exciting to be teamed with such a dynamic and knowledgeable owner,” said David Albert, CBRE Senior Vice President. “This project is the product of several years of due diligence by DCT, which was ahead of the curve in identifying this site’s potential well before it was incorporated into the expanded Urban Development Boundary. It is this insight and understanding of the market and the needs of tenants that makes them an equally great landlord and owner. This project will deliver the right product type at a great location.”
Each building at DCT Commerce Center II will have the ability to be fully secured and offer warehouse amenities that include 32’ clear, exceptional dock door ratio and a unique identity for each tenant.
“DCT’s successful track record in Miami-Dade County development meets the demands of progressive tenants who seek maximum efficiencies in their real estate and supply chain,” said Devin White, CBRE First Vice President. “DCT Commerce Center I, for instance, was completed in 2012 and reached 100% occupancy four months after delivery.”
The location provides each tenant easy access to all major thoroughfares in Miami-Dade County, including the Florida Turnpike, the Dolphin Expressway and the Palmetto Expressway, with access points that let tenants better manage Miami’s ever-growing traffic congestion and, most importantly, provide timely arrivals at Miami International Airport cargo terminal and the Port of Miami.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Melinda Sherwood
305.381.6453
melinda.sherwood (at) cbre (dot) com
