|
 The
developers of Beacon Lakes,
Codina Group and AMB Property
Corporation, are pleased to
announce that the first 206,000
square foot facility (Building
"9") will be completed
and ready for lease in August
2004. The building, which features
the 28' clear advantage*, ESFR
sprinkler system and 6"
slab, is the first "spec"
building constructed in the
Airport West market in the last
3 years.
*The
28' clear provides over 20%
more storage capacity and efficiency
than the market standard 24'
clear. For a cost-savings calculator,
go to www.beacon-lakes.com
Beacon
Lakes is a fully master-planned,
436-acre business park in Miami's
thriving Airport West market,
with direct access to Miami
International Airport and the
Port of Miami. Upon completion,
the park will have 6.6 million
square feet of space. Located
at the intersection of the Florida
Turnpike, N.W. 25th Street and
State Road 836, the project
offers unique flexibility with
warehouse/distribution space
for lease ranging from 140,000
to 200,000 square feet, land
for sale and build-to-suit options.
Additionally, the Codina/AMB
team is a leader in delivering
high quality, turnkey, custom
commercial developments.
A
new concept being introduced
at Beacon Lakes is its "park
within a park." The Village
at Beacon Lakes will consist
of 1 million square feet of
warehouses for sale. These units
for ownership will range in
size from bay units at 6,500
square feet to full buildings
at 16,500 square feet. All of
the buildings will be rear-loading
with complete segregation of
vehicular and truck traffic.
Gated security is planned for
the "Village" and
architecture will be standardized
and controlled for the benefit
and protection of the owners.
Customized financing opportunities
are available to qualified owners..
The Airport West market, with
52 million square feet of industrial
space and 14.5 million square
feet of office space is the
largest industrial and office
market in South Florida. Due
to the lack of developable land
available in Airport West, Beacon
Lakes will be the last of its
kind.
Beacon
Lakes is the 6th business park
developed by Codina Group in
Airport West in the last 17
years. Now in partnership with
AMB - one of the nation's largests
REITs and the singular largest
landlord in this market with
4.5 million square feet - the
Beacon Lakes project is well
positioned to deliver innovative
commercial real estate products
to accommodate Miami's expanding
international business and trade
needs. The park's distinguishing
characteristics include:
" Prime location, great
access and prominent exposure
" Spec buildings are 28'
clear vs. the traditional 18-24'
clear
" ESFR sprinkler systems
- allowing for maximum storage
height - vs. conventional 231C
Class IV
" 6" slab vs. 4-5"
" Segregation of truck
and vehicular traffic
" Most buildings "rear"
loading
" Ability to buy the building
through comprehensive build-to-suit
program
Codina
Group has long been recognized
as an industry leader and one
of Florida's most innovative
and progressive commercial real
estate developers. For over
20 years, Codina Group has developed
award-winning projects including
Beacon Centre (2.9 million SF),
Beacon TradePort (1.5 million
SF), Beacon Industrial Park
(1.4 million SF), and Beacon
at 97th Avenue (750,000 SF).
Based
in Coral Gables, Florida, Codina
Group has unparalleled experience
in development, construction,
brokerage, management and consulting
and has expertise in taking
a project from conceptual stage
through zoning, construction,
lease-up, property management
and final disposition.
AMB
Property Corporation (NYSE:
AMB) is a leading industrial
REIT focused on High Throughput
Distribution® (HTD - ®)
facilities in North America,
Europe and Asia. AMB's properties
are the facilities of choice
for more than 2,500 customers,
in nearly 1,000 buildings totaling
95 million square feet.
Founded
in 1983, AMB acquires, develops
and renovates HTD facilities
for customers who value the
efficient movement of goods
in the world's busiest distribution
markets - large, supply constrained
locations with close proximity
to airports, seaports and major
highways. With more than 4 million
square feet of distribution
facilities located primarily
in the Airport West submarket,
Miami and Beacon Lakes play
an important role in AMB's global
gateway presence and customer-driven
focus.
For
more information and details
about Beacon Lakes, contact
Codina Realty Services, Inc
ONCOR International at 305.470.8880
or visit the website at www.beacon-lakes.com
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