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Land Resources / News / Florida
Liberty Property Acquires 126 Acres for Tradeport Industrial Park
Source: CoStar Group, by Randyl Drummer
Liberty Property Trust (NYSE: LRY) has acquired 126 acres fronting Florida’s Turnpike south of Okeechobee Road for the development of Miami International Tradeport (MIT), a $135 million industrial park. The $17.25 million deal for 126 acres is one of the largest South Florida industrial land deals of the last 10 years. December 21, 2011 MIT is planned to include up to 1.6 million square feet of institutional-grade warehouse and distribution space and create 4,000 new construction jobs, with 2,000 full-time jobs upon completion. Butters Construction & Development, a Coconut Creek-based development company, will oversee construction of the new park, according to CBRE, which brokered the transaction.
Read the complete article from CoStar Group » |
