Liberty Property Trust today announced it has finalized a long-term lease with Caleco Investments, LLC at 11401 N.W. 134th Street in Medley, Fl. The tenant has leased 25,557 square feet of space in the Class A multi-tenant warehouse/distribution center and has taken occupancy this month. The building is 100% leased.
The tenant was represented by Devin White of CBRE. Pete Sheridan of Liberty Property Trust represented the landlord.
Built in 2007, the 267,980 square foot building, located in the Turnpike Distribution Center, offers 30’ clear height, 60-foot speed bay, energy efficient lighting, a non-shared 130-foot truck court and parking for 1.25/1,000 RSF automobiles. It faces the Florida Turnpike at exit 35 and is about a 30-minute drive to the Miami International Airport and the Ft. Lauderdale-Hollywood International Airport.
Liberty’s overall occupancy rate in its South Florida portfolio remains stable at 96%.
Liberty Property Trust owns and operates more than 2.9 million square feet of industrial and office space in South Florida, with major holdings at Liberty Airport Center, Miami International Tradeport, Fort Lauderdale Commerce Center, Northpoint Corporate Park and Pompano Business Center. In total, the company owns and operates nearly seven million square feet of industrial and office space across the state in South Florida, Orlando and Tampa.
About Liberty Property Trust
Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 101 million square foot portfolio provides productive work environments for 1,200 tenants.
