JV TO BUILD $100M INDUSTRIAL PARK IN SOUTH FLORIDA

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MEDLEY, FLA. — A joint venture between Butters Construction & Development and L&B Realty Advisors will develop a $100 million, 918,000-square-foot Class A bulk distribution industrial park called Airport North Industrial Park in Medley. It is located on a 44.5-acre site at N.W. 87th Avenue and N.W. 80th Street. CBRE Capital Markets procured L&B Realty Advisors and its client, the State of Florida, as Butters Construction & Development’s equity partner for the deal. Airport North Industrial Park will include four institutional-quality industrial buildings. Site development will commence in the first quarter of this year and vertical construction in the second quarter of this year.

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