News
Doral, Fla. (October 20, 2021) – Foundry Commercial, a full-service real estate services and investment firm with offices across the Sun Belt, in partnership with Modlo, the logistics platform of GLP Capital Partners, recently announced that construction has commenced on the Modlo Air Logistics Center located at 7777 NW 41st Street in Doral.
When completed, the distribution complex will encompass three LEED-certified warehouse buildings totaling over 495,000 square feet. The three structures include Building 1 with 171,254 square feet, Building 2 with 173,716 square feet and Building 3 with 150,103 square feet. The new warehouses will feature insulated glass, R-20 roofs, LED lighting, 36-foot clear heights, 54-foot column spacing, and electric car charging stations. The site is located within two miles of Miami International Airport’s cargo entrance and is also near major expressways and PortMiami. In preparation for the new build, an older PepsiCo bottling facility that once sat on the 23.7-acre site was removed to make way for the new warehouse buildings. The anticipated completion is targeted for summer 2022.
“As industrial remains one of the fastest-growing asset classes in the industry, it’s imperative that those of us developing new properties consider the environmental impacts and find ways to lessen our carbon footprints,” stated David Blount, Vice President, Foundry Commercial. “We’re proud to be teaming up with Modlo to develop new warehouses that will not only be more sustainable over time but will also reduce the operational costs for tenants now and in the future.”
In addition to Foundry Commercial, which is serving as the fee developer for the build, project collaborators include Miller Construction, Puga & Associates International, RLC Architects, DDA Engineers, and Kimley-Horn.