Amazon Inks Huge Lease Deal In Doral

Amazon.com has signed a lease for a distribution and fulfillment center in Doral that will could create approximately 500 new jobs in the area.

The announcement corresponds with increases in manufacturing activity, international trade, and online shipping in industrial real estate in South Florida.

The 335,841-square-foot space leased by Amazon is in the Miami International Distribution Center, located at 1900 N.W. 132nd Place.

KTR Miami constructed the building last year.

The driving force behind securing a distribution center in Miami is that most customers in the region are demanding same-day delivery. Not only is it great to have Amazon in Miami, but the center could generate approximately 500 new jobs, said George Pino, Principal at State Street Realty.

“I don’t know what’s next, maybe delivery by drones? But it’s great to have them here,” Pino said.

And not only is the Seattle-based company moving into Doral, it is also opening up a store.

“They’re doing a huge distribution facility, [but] they’re also opening up a brick-and-mortar store,” said Ken Krasnow, managing director for CBRE South Florida. That location has not been announced, he added.

The increased use of technology and online sales is redefining the supply chain of e-commerce retailers, and more of these companies are looking to improve speed of delivery to remain competitive.

Because of that, the location of warehouses and distribution centers is likely to play a critical role, more than ever before in industrial real estate, Pino said. Amazon’s Doral lease is just one way to get packages on front stoops quickly.

 

Source: SFBJ

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