Categorized | Featured, Residential

New Multimillion Industrial Park Coming to Miami

New Multimillion Industrial Park Coming to Miami
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Miami continues to be the city of real estate growth in the United States. Liberty Property Trust announced this week its intentions to build a one hundred and thirty-five million dollar institutional warehouse and distribution space. Not only will the building of the new facility generate thousands of construction jobs, but it will also bolster the city’s commercial real estate market.

Liberty Property Trust recently purchased one hundred and twenty-six acres of land with the intentions of developing a trade port industrial complex on the land. The purchase of the land was one of the biggest commercial real estate transactions that Miami has had in nearly half a decade.

The overall project is expected to take five to seven years, and construction will begin towards the end of 2012.

This announcement by Liberty Property Trust reflects the tremendous growth that Miami has, and will likely continue to have in its commercial property sector. The city of Miami has quickly become one of hottest real estate markets in the country across all sectors. Both businesses and international investors alike have targeted the city more than ever in the past year.

The construction of Miami International Tradeport will open up further opportunity for growth in the city and surrounding suburbs. The enormity of the port will make it one of only three East Coast ports to accommodate the new massive Panamax ships.

The development of the port will not only bring jobs, but will likely spur more new commercial real estate development in the region with other businesses looking to capitalize on the opportunities that await in Miami.

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About Josh Johnson

Josh is the main writer for the Residential category. He also helps out on other categories when needed, mainly the International section.

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