 |
Medley International Business Park West, Miami, FL
|
MIAMI, FL (June 27, 2013) – Lincoln Property Company
(Lincoln) has purchased Medley International Business Park West, an
11-building, 847,000-square-foot industrial park in Miami, from TA Associates.
Lincoln acquired the property on behalf of a large pension-fund client.
Lincoln will manage the property and has selected Americas
Industrial Realty Corp. to handle the leasing.
The Medley West transaction is one of the largest industrial
property acquisitions in SouthFlorida during the past decade and marks
Lincoln’s third industrial acquisition in the area in the last few years.
The
firm’s industrial portfolio in South Florida now totals more than 1.3 million
square feet, and Lincoln remains committed to continuing to acquire and develop
industrial properties in the market.
 |
| Miami International Airport |
“This was a rare and unique opportunity to acquire a
large-scale, multi-tenant industrial property in one of the three top-tier
industrial markets in the United States,” said Roy Paskow, a senior vice
president for Lincoln who oversees the firm’s South Florida operations.
“Over the coming months, we will re-brand and re-position
this asset to take advantage of the strong demand in Miami-Dade for
well-located industrial space with railaccess for warehousing and light
manufacturing.”
Medley West is centrally located at 105th Avenue and
Okeechobee Road and features easy access to the entire Miami-Dade region,
including the Miami International Airport, the Port of Miami, and major
highways including the Dolphin Expressway (SR 836), the Palmetto Expressway (SR
826) and the Florida Turnpike.
 |
| Port of Miami, Miami, FL |
Medley
West boasts an occupancy rate of 93 percent, with current tenants ranging in
size from approximately 5,000 square feet to more than 100,000 square feet.
For a complete copy of the company’s news release, please
contact:
Stephen Ursery
The Wilbert Group
E-mail: sursery@thewilbertgroup.com
Please note new office number: (404) 549-7150
Cell: (404) 405-2354
No comments:
Post a Comment