CORAL GABLES, FL—The industrial market in South Florida has a bright future, the current coronavirus pandemic notwithstanding, Armando Codina, executive chairman of the local developer Codina Partners, tells GlobeSt.com. He says changing consumer habits and the need to move much of the supply chain from Asia back to the US bode well.
Codina notes that 95% of food produced in, or imported to the US goes through third-party logistics centers. He says his company looked at that particular niche when it conceived Beacon Logistics Park in Hialeah. Beacon will eventually include six buildings and more than 1.3 million square feet of space. Work is progressing on the park. One building has been completed and a second is under way. The park's infrastructure is nearly complete.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.