MIA pays $19M for Duty Free warehouse amid $14B airport expansion
Miami International Airport scooped up Duty Free Americas’ nearby warehouse for $19.2 million as part of its $14 billion decade-long expansion plan. The airport plans to use the 68,000-square-foot industrial property at 1800 Northwest 70th Avenue for indoor storage and as a construction staging site tied to future projects under MIA’s “Modernization in Action Plan,” airport spokesperson Greg Chin said. Once modernization work is completed, the property is expected to be repositioned for revenue-generating commercial uses, he said. Barry and Blake Katz of WGS Realty brokered the transaction. Barry Katz said the deal took nearly two years to complete. Duty […]This article originally appeared on The Real Deal. Click here to read the full story.
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