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POMPANO BEACH, FL-In its ongoing efforts to pull itself out ofChapter 11 bankruptcy protection, Winn-Dixie Stores Inc. hasenlisted Melville, NY-based DJM Asset Management to sell its787,500-sf warehouse/distribution facility at 1141 SW 12th Ave. Thebuilding is located on 45 acres in this severely land-constrainedsubmarket.

The size of the building, and, "perhaps more importantly, theland, makes this a unique opportunity here, where there's virtuallyno land for development and a very tight industrial market,"Jonathan Kingsley, managing director and EVP of Grubb & Ellis'South Florida operations, tells GlobeSt.com. "It's a phenomenaldevelopment site. I'm sure many developers have been eyeing it tosee what Winn-Dixie would do and want to either work with theexisting structure or scrub it for construction of a flex property,which would allow them to achieve rent rates to cover the price ofthe land."