Modlo, the logistics-operating platform of GLP Capital Partners (GCP), has plans to develop a three-building, class-A industrial logistics park, Modlo Air Logistics Center, totaling 495,073 square feet in the Miami community of Doral, Fla.
JLL Capital Markets arranged $64.2 million in construction financing for the development.
When it’s completed in the spring of 2022, Modlo Air will be a state-of-the-art warehouse facility with modern features such as a 36-foot clearance height and 110 dock-high doors. Modlo Air Logistics Center will be constructed on a 23.4-acre site at 7777 NW 41st St. in Doral, a suburb 14 miles west of downtown Miami. The site is within Miami’s Airport West Industrial Submarket and near critical infrastructure, including Miami International Airport, Interstates 95 and 75 and both Port Miami and Port Everglades.
As one of the fastest-growing markets in the southeast with more than 2.6 million residents, The Miami-Dade industrial marke
