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Dade Paper Buys 12-Acre Site for New HQ

MIAMI-The locally based manufacturer pays an estimated $6 per sf to build a 232,000-sf high-tech production plant in the 106-acre Beacon Station industrial park in the northwest Miami-Dade submarket of Medley.

By David R. Corder | Updated on May 25, 2001

MIAMI-Dade Paper & Bag Co. is laying the cornerstone to become one of the most technologically efficient producers of paper, plastic, foam, chemical and janitorial supplies.

The 62-year-old Miami manufacturer paid an estimated $6 per sf or about $3.1 million for an 11.84-acre parcel at NW 99th Street and NW 110th Avenue in the 106-acre Beacon station industrial park in a deal with Flagler Development Co., a subsidiary of St. Augustine, FL-based Florida East Coast Properties Inc.

Although he would not confirm the rumored purchase price, Wayne D. Ramoski, director of industrial brokerage services for Cushman & Wakefield of Florida Inc., tells GlobeSt.com he considers the deal competitive.

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