Liberty Property Acquires 126 Acres for Tradeport Industrial Park

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.

MIT is planned to include up to 1.6 million square feet of institutional-grade warehouse and distribution space and create 4…
South Florida Commercial Real Estate News From CoStar Group