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DO&CO Secures Lease For 209,600-Square-Foot Warehouse Near Miami International Airport

An Austrian company that specializes in catering for airlines, sporting events, festivals and private parties has leased 209,600 square feet of warehouse space near Miami International Airport.

Vienna-based DO&CO will move into the circa-1969 space at 3401 N.W. 72nd Ave. on Jan.1, said Ricardo Du Pond, a tenant representative broker with Fortune International Realty.
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Bridge Industrial Pays $16M For Logistics Facility Dev Site Near Miami-Opa Locka Airport

Less than a month after scooping up a Dania Beach logistics facility development site, Bridge Industrial is embarking on another project farther south near Miami-Opa locka Executive Airport.

The Chicago-based company plans to build the 409,189-square-foot Bridge Point Gratigny project just south of the airport and on the southwest corner of Northwest 135th Street and 47th Avenue in unincorporated Miami-Dade County, according to a company news release.
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Rising Rents: Miami’s Industrial Market Leads Nation With Highest Annual Rate Hike: Report

Miami’s industrial market, which includes all of Miami-Dade County, is the nation’s top performer for annual rent growth, according to a JLL report.

Year-over-year, the Miami industrial market experienced a 53 percent jump in rent, more than Los Angeles, which had the second highest rent hike at 45 percent, and New York/New Jersey, which had the fourth highest rent growth at 26 percent, the report shows. Industrial markets close to ports like Miami, New York and Los Angeles remain attractive for investors looking to secure long-term income growth, despite recent interest rate hikes, JLL found.

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