A real estate investment trust bought 126 acres in Medley in one of the largest land deals in South Florida since the collapse of the real estate market.
Malvern, Pennsylvania-based Liberty Property Trust paid $17.25 million for the tract, where it plans to build a Class A warehouse and distribution park estimated to cost about $135 million, said Adam Vaisman, director of acquisitions for Butters, a Coconut Creek real estate firm that develops, manages and leases industrial, office and retail properties.
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