Lincoln Property Company and Walton Street Acquire 226,000-Square-Foot Distribution Facility in South Florida

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and joint venture partner Walton Street Capital have acquired a 226,392-square-foot distribution center in Weston, Florida. Located at 1600 North Park Drive, the facility is partially occupied by Mondelēz International, Inc. This acquisition marks the JV’s third industrial asset acquisition in the past four months, bringing Lincoln and Walton’s South Florida industrial portfolio to over 700,000 square feet of value-add industrial properties.

“This transaction is another strategic win for our growing portfolio with Walton Street,” said Diego Juncadella, Senior Vice President and South Florida Market Leader for Lincoln. “Together, we’ve successfully sourced and closed three key industrial acquisitions in West Broward through off-market and preemptive sale strategies. This deal underscores the strength, agility, and deep market expertise of both teams. We look forward to continuing our expansion across South Florida.”

Tyler Reece, Vice Presidents of Acquisitions for Lincoln in South Florida, added “1600 North Park Drive is an incredibly well-located asset in Broward County. The Weston submarket benefits from a significant demand for well-managed and updated logistics space. We look forward to executing our value-add renovation strategy at the property to lease up the remaining availability.”

Lincoln will provide property management services and construction oversight for 1600 North Park Drive, increasing its South Florida management portfolio to over 8 million square feet and solidifying its position among the region’s top 10 property management operators. CBRE represented the seller in the transaction.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

About Walton Street Capital, L.L.C. (together with its affiliates, “Walton Street”)

Walton Street is a private real estate investment firm that manages a diversified equity and debt platform on behalf of its global institutional clients. Since its inception in 1994 through its affiliates, Walton Street has raised nearly $17 billion of capital commitments from global institutional investors and has acquired, financed, managed and sold more than $55 billion of real estate. Through the cross platform synergies of its investment groups, Walton Street seeks to make real estate equity and debt investments with attractive risk adjusted returns. For more information, visit waltonst.com.