November 9, 2016 / 7:06 PM / 3 years ago

BRIEF-Eastgroup Properties Inc acquires 61 acres of development land in Miami Gardens, Florida (Dade County) for $27 million

Nov 9 (Reuters) - Eastgroup Properties Inc :

* Acquired 61 acres of development land in Miami Gardens, Florida (Dade County) for $27 million

* Company intends to develop an industrial park containing approximately 850,000 square feet on site

* In addition, Eastgroup is under contract to purchase Jones Corporate Park in Las Vegas, Nevada for $42 million

* Eastgroup also acquired for $14 million the 134,000 square foot Weston Commerce Park in Weston, Florida

* Co will consider Jones Corporate Park as part of its development pipeline until earlier of 80% occupancy or April 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below