An affiliate of Brookfield Property Group broke ground on a warehouse in the Beacon Lakes business park in west Miami-Dade County after obtaining a $21.89 million construction loan.
Quadreal Finance provided the mortgage to BSREP III Lake Belt Logistics, an affiliate of New York-based Brookfield Property Group. It covers the 7.46-acre site at 12590 N.W. 17th St., at the southwest corner of Northwest 130th Avenue.
The warehouse will total 141,067 square feet.
The site is located near an Amazon delivery station and a UPS Distribution Center, not far from the intersection of Florida’s Turnpike and the Dolphin Expressway/State Road 836.