Easton Group starts industrial project in Doral
The Easton Group recently announced the start of construction on a 127,150 square-foot warehouse/distribution facility in Doral.
The building is slated to have 30 feet of clear height with 42 dock-height doors and 140 parking spaces.
“Based on the current demand for quality warehouse space, driven mostly by ecommerce, we think the timing is right to bring new product to the market,” said Edward W. Easton, chairman of The Easton Group. “With rising lease rates and shrinking inventory, it just makes sense.”
Close to PortMiami and Miami International Airport, the $20-million project is funded in part by a $12 million construction loan from City National. It is located at on a 7-acre parcel within the 300-acre International Corporate Park at 1500 NW 97th Ave. where Easton is headquartered. The company says the site is the last vacant one for industrial use at ICP which is close to full capacity. It also enjoys high visibility at the front of Northwest 97th Avenue.
The building’s asking rent will be $9.96 per square foot net.
“We have been talking to a number of companies who love the location and are very interested in taking the space,” said Dalton Easton, an associate with Easton & Associates who will handle leasing along with Tom Kimen, a vice president. “We have the flexibility to bring in a single user or to divide the building into several bays for multiple tenants.”
Completion is expected to be completed in the fourth quarter.