22 February 2011
Supply chain company Moduslink is expanding its warehouse near Miami International Airport, as rising Latin American business helps energize the South Florida real-estate market.
Real estate firm Jones Lang La Salle said it completed a 114,000-square-foot lease for Moduslink at the Medley Distribution Center at 11000 NW 92nd Terrace in Miami’s Flagler Station Business Park. The lease includes a long-term renewal of 57,000 square feet and the addition of 57,000 square feet of space.
Moduslink may take another 50,000 square feet at the site in the months to come, Jones LaSalle said in a news release in early February.
“Due to the growth in Latin America, especially Brazil and Mexico, the industrial real estate market in South Florida is showing signs of recovery,” said Jones Lang LaSalle’s Managing Director Steve Medwin.