Light Speed center corners massive 1st e-company lease
Speed Center at Beacon TradePort, a high-tech business park under
construction in Airport West, has landed Exodus Communications as
its first tenant.
is a very exciting time for South Florida and for Light Speed Infrastructure,"
says Michael J. Swerdlow, chairman and CEO. Light Speed Infrastructure
is a subsidiary of Light Speed Capital, he said, a company controlled
by Swerdlow Group.
is the premier web-host in the nation. It's quite a statement that
they choose South Florida for a major facility."
said the company has leased 370,000 square feet in two phases.
one, a 140,000-square-foot building now under construction, is expected
to be finished by year's end.
H. Holly, managing director of Insignia ESG, represented Exodus in
the transaction, which he calls the largest to date in Miami-Dade.
reaffirms Miami as the premier, tier-one market for high-tech in Florida,"
he said. "It catapults the Airport-West Dade market into the
preferred location for telecommunications providers for Miami and
Speed Center at Beacon TradePort will be home to more than 2 million
square feet of space on more than 100 acres specifically designed
to meet the requirements of high-tech tenants.
Developer Jeff Williamson, vice president of Codina Development Corp.,
said the Light Speed buildings will be constructed to withstand a
Category 5 hurricane. Category 2 is the standard for industrial facilities.
amenities, he said, include multiple fiber-optic providers, dual power
feeds, automatic throw-overs for power reliability, dedicated substations,
heightened security and sprinkler systems that require more than one
cue to activate.
Codina Group builds, manages and leases the 374-acre business park.
Speed Infrastructure, headquartered in Hollywood, is presently developing
a number of similar projects, including Light Speed Miami Center at
3301 Coral Way and Light Speed Broward in Ft. Lauderdale's Cypress
Creek business park.