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Terra and Terranova Plan Retail And Industrial Project In Doral

Terra and Terranova Corp. are planning to build a mixed-use commercial project on a nearly 24-acre site in Doral.

“The two developers are aiming to present their proposal for District 79, an industrial and retail development at 7777 Northwest 41st Street, to the commission by the summer,” a spokesperson for Terra said.

“The joint venture is planning for the future and betting on the area’s strong industrial market,”David Martin, co-founder and president of Terra said.

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What Industrial Tenants Want

Ask any industrial broker about the most important feature to industrial tenants looking for a new facility and they’ll say “location.”

After that, it’s probably going to be clear height, with at least 32 feet, but preferably 36 or 40 feet, especially for large users (those taking 500 to 1,000 sq. ft. or more).

But according to Blaine Kelley, Atlanta-based senior vice president of the global supply chain practice with real estate services firm CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.

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PS Business Parks Closes 108K SF Of February Lease Deals At Miami International Commerce Center

PS Business Parks’ leasing team at Miami International Commerce Center (MICC), consisting of Senior Leasing Director Jorge Rivera, Leasing Director Jorge Suarez and Associate Leasing Director Juan Mazuera, closed 17 leasing transactions for a total of 108,617 square feet in the month of February.

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