Flagler Begins Construction on Beacon Lakes Building 7 in South Florida
2006年9月6日 - 10:45PM
PRニュース・ワイアー (英語)
JACKSONVILLE, Fla., Sept. 6 /PRNewswire-FirstCall/ -- Flagler
Development Group ("Flagler"), the wholly owned commercial real
estate development subsidiary of Florida East Coast Industries,
Inc. (NYSE:FLA) ("FECI") and AMB Property Corporation (NYSE:AMB), a
leading global industrial real estate company, commenced
construction on Beacon Lakes Building 7 in Miami in August 2006.
The building will be a 192,476 square foot warehouse/distribution
building situated on a 9.71-acre site in Beacon Lakes. Beacon Lakes
is a joint venture project between Flagler and AMB Property
Corporation. "We have already leased more than 90 percent of the
existing buildings in the park," said Rafael Romero, Project
Director. "The industrial market in this area is strong and the
demand for space continues to grow." Beacon Lakes, located west of
Miami International Airport and northwest of the intersection of
State Road 836 and the Florida Turnpike, is a master planned
480-acre business park located in Miami's Airport West market. The
project comprises over 6.6 million square feet of industrial use
with a full complement of office, retail and service elements to
support the business park. "Beacon Lakes is on one of the last
major parcels of undeveloped land in Miami, and provides direct
access to the Miami International Airport and the Florida Turnpike,
essential to firms moving goods through the global supply chain.
Miami-Dade County remains a gateway to Latin America and a
principal Customs entry/exit point for the United States," said Jay
Cornforth, Managing Director of AMB's East Region. "Given Beacon
Lakes' ideal location and distinctive architecture, we look forward
to its continued development and being able to offer our customers
state-of-the-art facility space in one of the country's strongest
industrial markets." The leasing agent for the property is David C.
Albert, SIOR, Vice President of Codina Realty Services. More
details on this property can be found at beacon-lakes.com. Florida
East Coast Industries, Inc., headquartered in St. Augustine, FL,
conducts operations through two distinct businesses, Flagler
Development Group (Flagler), its commercial real estate operation,
and Florida East Coast Railway, L.L.C. (FECR). Flagler owns,
develops, leases and holds in joint ventures, approximately 8.8
million square feet of Class-A office and industrial space, as well
as an additional 753,000 square feet under construction. Flagler
space consists of Class-A office and industrial properties,
primarily in Jacksonville, Orlando, Ft. Lauderdale and Miami. In
addition, Flagler provides construction, consulting, third party
brokerage and management (approximately 12 million square feet)
services and owns 846 acres of entitled land in Florida, which is
available for development of up to an additional 16 million square
feet and Flagler owns approximately 3,158 acres of other Florida
properties. FECR is a regional freight railroad that operates 351
miles of mainline track from Jacksonville to Miami and provides
intermodal drayage services at terminals located in Atlanta,
Jacksonville, Ft. Pierce, Ft. Lauderdale and Miami. For more
information, visit the Company's Web site at http://www.feci.com/ .
AMB Property Corporation(R). Local partner to global trade.(tm) AMB
Property Corporation(R) is a leading owner and operator of
industrial real estate, focused on major hub and gateway
distribution markets throughout North America, Europe and Asia. As
of June 30, 2006, AMB owned, or had investments in, on a
consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
122 million square feet (11 million square meters) and 1,094
buildings in 41 markets within eleven countries. AMB invests in
properties located predominantly in the infill submarkets of its
targeted markets. The company's portfolio is comprised of High
Throughput Distribution(R) facilities- industrial properties built
for speed and located near airports, seaports and ground
transportation systems. This news release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements include the
Company's present expectations or beliefs concerning future events.
These statements may be identified by the use of words like "plan,"
"expect," "see", "aim," "believe," "project," "anticipate,"
"intend," "estimate," "will," "should," "could," "may", and other
expressions that indicate future events and trends. The Company
cautions that such statements are necessarily based on certain
assumptions, which are subject to risks and uncertainties that
could cause actual results to materially differ from those
contained in these forward-looking statements. Important factors
that could cause such differences include, but are not limited to,
changes in the general and local real estate market or in general
economic conditions, and other risks inherent in the real estate
business. Further information on these and other risk factors is
included in the Company's filings with Securities and Exchange
Commission, including the Company's most recently filed Forms 10-K
and 10-Q. The Company assumes no obligation to update the
information contained in this news release, which speaks only as of
its date. DATASOURCE: Florida East Coast Industries, Inc. CONTACT:
Rosemary S. Jackson, Director, Marketing and Public Relations of
Flagler Development Group, +1-904-565-4107, or Web site:
http://www.feci.com/ http://beacon-lakes.com/
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