Flagler Development Group And AMB Property Corporation Enter Into A Build-To- Suit And Purchase Contract With Commercebank N.A.
2006年12月20日 - 5:00AM
PRニュース・ワイアー (英語)
CORAL GABLES, Fla., Dec. 19 /PRNewswire-FirstCall/ -- Flagler
Development Group ("Flagler"), the wholly-owned commercial real
estate arm of Florida East Coast Industries, Inc. (NYSE:FLA)
("FECI") and AMB Property Corporation (NYSE:AMB), a leading global
industrial real estate company, have entered into a contract with
Commercebank N.A., for the development of a 100,000 square foot
stand alone building within Beacon Lakes business park to house
Commercebank's South Florida Customer Service Center. Beacon Lakes
is a joint venture project between Flagler and AMB Property
Corporation. Construction is expected to commence in late 2006,
with completion late in 2007. "This is a great deal for the park,
it confirms that we have the ability to accommodate the expansion
needs of its tenants and buyers," said Rafael Romero, Vice
President of Development and Project Director for Beacon Lakes. "By
virtue of the park's ultimate size at build-out, which is expected
to be more than six million square feet, Beacon Lakes Business Park
was designed to accommodate the present and future needs of
companies seeking build-to-suit, customized space." In addition,
Beacon Lakes executed a lease with RMS Services-USA, Inc. for
35,000 square feet, bringing the overall occupancy of the park to
93 percent. The leasing agents for the property are David C.
Albert, SIOR, Vice President of Codina Realty Services. More
information on the property can be found at http://www.codina.com/
. Beacon Lakes Business Park is situated at the intersection of the
Florida Turnpike, NW 25th Street and State Road 836 in Miami-Dade
County, the park provides owners with direct access to Miami
International Airport, Port of Miami, restaurants, hotels,
international banks, all major South Florida thoroughfares. It is
conveniently located within minutes from downtown Miami, Coral
Gables, and other urban centers. Flagler Development Group
(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 1,056,700 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 management (includes Flagler's wholly owned
portfolio in addition to 11.1 million square feet for third
parties) and brokerage services and owns 828 acres of entitled land
in Florida, which is available for development of up to an
additional 15.8 million square feet. Flagler also owns
approximately 3,158 acres of other Florida properties. For more
information, visit the Company's website at
http://www.flaglerdev.com/ ./ Florida East Coast Industries, Inc.,
(FECI) headquartered in Jacksonville, FL, conducts operations
through Flagler Development Group (Flagler) and Florida East Coast
Railway, L.L.C. (FECR). FECI conducts its real estate operations
through Flagler which 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 1,056,700 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 property management (includes
Flagler's wholly owned portfolio in addition to 11.1 million square
feet for third parties ) services and owns 828 acres of entitled
land in Florida, which is available for development of up to an
additional 16 million square feet. Flagler also owns approximately
3,158 acres of other Florida properties. Florida East Coast
Railway, L.L.C. (FECR), a subsidiary of FECI, 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 and Miami.
For more information, visit the Company's website at
http://www.feci.com/ . AMB Property Corporation.(R) Local partner
to global trade.(TM)AMB Property Corporation(R) is a leading global
developer and owner of industrial real estate, focused on major hub
and gateway distribution markets throughout North America, Europe
and Asia. As of September 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 124.8 million square feet (11.6 million square
meters) and 1,109 buildings in 42 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. For more information, visit the
Company's website at http://www.amb.com/ . Commercebank N.A., one
of the largest privately held banks in South Florida, is a wholly
owned subsidiary of Commercebank Holding Corp., which in turn is
owned by Mercantil Servicios Financieros, the largest international
financial institution headquartered in Venezuela, with more than 80
years of experience in banking. Commercebank has assets in excess
of $4 billion. The Bank is headquartered in Coral Gables, Florida,
with eleven branches throughout Miami-Dade County, two in Broward
County, one in Manhattan, New York, and one in Houston, Texas. It
also has loan production offices in Tampa and in Weston, Florida.
The Bank offers a wide variety of domestic, international,
personal, and commercial banking services, including investment,
trust, and estate planning through its subsidiaries, Commercebank
Investment Services, and Commercebank Trust Company, N.A. 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 CONTACT: Investors, Bradley D. Lehan of Florida
East Coast Industries, +1-904-819-2128; or Media, Rosemary Jackson
of Flagler Development Group, +1-904-565-4107 Web site:
http://www.feci.com/ http://www.codina.com/ http://www.amb.com/
http://www.flaglerdev.com/
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