(Read more on the industrial market.)
PALM BEACH COUNTY, FL-Chicago-based First Industrial RealtyTrust Inc. has acquired 537 acres with rights to develop more than6.2 million sf of industrial space. The land is within a businesspark located off the Beeline Highway.
The land acquisition and development investments are beingcompleted through First Industrial's Strategic Land and Developmentjoint venture, FirstCal 3, with the California State Teachers'Retirement System. CB Richard Ellis Investors is the advisor toCalSTRS on the venture. The acquisition price was not released.
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