Lincoln Adds 252,000-SF Deerfield Industrial Park to Logistics Fund Portfolio

Lincoln Property Company has acquired Deerfield Corporate Park in Deerfield Beach, adding another South Florida logistics asset to Lincoln Logistics Fund II’s growing portfolio.

The four-building property totals approximately 252,000 square feet of Class A light industrial space in the Fort Lauderdale industrial market. At the time of acquisition, the park was 94% leased to 20 tenants.

The purchase price was not disclosed.

The property’s design supports a range of industrial users, including distribution, warehousing and light manufacturing tenants. Features include rear-load configurations, truck courts and clear heights of up to 26 feet.

For Lincoln, the acquisition fits within a broader strategy of targeting multi-tenant logistics properties in markets where land constraints and tenant demand continue to support industrial fundamentals. South Florida remains one of those markets, with limited developable land, population growth and last-mile distribution needs keeping well-located industrial assets in demand.

Lincoln plans to create additional value at Deerfield Corporate Park through lease-up of the remaining vacancy, renewals at current market rents and selective improvements to building systems.

The deal follows the recent launch and cornerstone closing of Lincoln Logistics Fund II, which has secured more than $280 million in capital commitments from institutional investors, Stone Point Capital and Lincoln employees. The fund focuses on last-mile, multi-tenant logistics properties throughout the U.S.

Lincoln executives pointed to South Florida’s strong supply-demand imbalance as a key factor behind the investment. The region’s industrial market continues to benefit from dense population centers, business growth and limited opportunities for new development, particularly in infill locations close to major transportation corridors.