Lincoln Logistics Fund II Acquires Deerfield Corporate Park in South Florida

DALLAS--(BUSINESS WIRE)--Lincoln Property Company (“Lincoln”), a global, full-service real estate firm is pleased to announce that Lincoln Logistics Fund II (“Fund”) has acquired Deerfield Corporate Park, a multi‑tenant light industrial park in Deerfield Beach, Florida, as part of its continued expansion in high‑barrier U.S. logistics markets. The Fund invests in last mile, multi-tenant investments across the U.S., with an enhanced-value strategy centered on driving growth through lease-up of vacant space, targeted capital improvements, and strategic development initiatives.

Located within the Fort Lauderdale industrial market, the property is located in a highly desirable, land-constrained area with strong population growth and limited new supply. These conditions are driving strong demand, and Lincoln expects continued rental growth across well-located logistics properties.

“South Florida continues to benefit from population growth, business migration and limited industrial land availability, which supports the long‑term appeal of assets such as Deerfield,” said Gary Kobus, Co-Head of Logistics, Senior Managing Director at Lincoln. “We see meaningful opportunity to enhance the quality and performance of the park through targeted investment.”

Deerfield Corporate Park comprises approximately 252,000 sq. ft. across four Class A light industrial buildings and is currently 94% leased to a diverse base of 20 tenants. The assets benefit from rear‑load configurations, clear heights of up to 26 feet and well‑configured shared truck courts, supporting a range of last‑mile and light industrial occupiers.

Lincoln will pursue a value-add strategy by leasing remaining vacancy, renewing leases at market rates, and selectively upgrading building systems to improve efficiency and support long-term income growth.

“This acquisition reflects our continued focus on acquiring well‑located, functional logistics assets in supply‑constrained U.S. markets where we can leverage Lincoln’s operating platform to drive income and value creation,” said David Binswanger, Co-Chief Executive Officer at Lincoln.

"Deerfield Corporate Park is exactly the type of asset we look for in South Florida — well-located, functional, and positioned to benefit from the region's enduring supply-demand dynamics.” said Diego Juncadella, Executive Vice President, Florida at Lincoln. “The Fort Lauderdale market's combination of population growth, business migration, and constrained industrial land supply creates a compelling environment for enhanced-value investing, and our local team will leverage its deep market expertise to drive occupancy and generate durable income growth for the Fund."

This transaction follows the Fund’s recent cornerstone close, with approximately $280+ million in capital commitments raised from two longstanding investors alongside Lincoln’s majority owner, Stone Point Capital LLC, and Lincoln employees. The Fund is pursuing the same successful enhanced value strategy that Lincoln has employed since 2001, primarily targeting last mile, multi-tenant investments across the U.S. The Fund will leverage Lincoln’s extensive market knowledge and the on‑the‑ground expertise of its local market leaders across 35 offices, together with the firm’s network built over the past 60 years, to source and identify attractive opportunities across the U.S.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States, with over $31 billion of assets under management as of December 31, 2025. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.