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Beacon Station Weathering Soft Market

MEDLEY, FL-This 960-acre mixed-use industrial project in northwest Miami-Dade County is showing considerable resiliency at a time when other Flagler Development-owned commercial projects elsewhere in Florida are experiencing slower growth.

By David R. Corder | Updated on September 26, 2001

MEDLEY, FL-The recent decision by Intradeco Inc. to acquire 200,000 sf of industrial space in Beacon Station at Gran Park–a build-to-suit deal valued at about $10 million–represents more than just the expansion of a well-established Miami freight-forwarding company amid a soft national economy.

While some of its commercial developments are experiencing slower demand elsewhere in Florida, Flagler Development Co. is reporting considerable growth within the 960-acre mixed-use industrial development it owns at Northwest 106th Street and Florida’s Turnpike in northwest Miami-Dade County.

“Beacon Station has been a solid performer for us,” John Carey, Flagler Development’s president, tells GlobeSt.com. “We haven’t had the slowdown there that we’ve experienced in other markets. We’ve basically slowed down spec development in Orlando and Jacksonville.”

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