LINCOLN PROPERTY, CROW HOLDINGS TO DEVELOP MIAMI INDUSTRIAL FACILITY

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MIAMI — A joint venture between Lincoln Property Co. Southeast and Crow Holdings Capital Partners, has purchased seven acres in Miami’s Medley submarket to develop a Class A, 136,500-square-foot industrial facility. The joint venture purchased the site, located in the Pan American North Business Park, from Abisinia Enterprises Inc. for an undisclosed price. The site features 350 feet of frontage along the Florida Turnpike. The industrial property will feature 32-foot clear ceiling heights, 120-foot truck courts, an ESFR sprinkler system and a 50-foot staging area. Americas Industrial Realty Corp. will lease the property, which is slated for a spring 2015 completion.

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