Monday, October 11, 2010

AMB Property Corporation® Leases 124,700 SF in Miami Development

SAN FRANCISCO, CA /PRNewswire/ -- AMB Property Corporation® (NYSE: AMB), a leading owner, operator and developer of global industrial real estate,  announced that the company signed leases in the third quarter for approximately 124,700 square feet of AMB Beacon Lakes Building 12 in Miami, Florida.

The 189,700 square foot building is now stabilized and the newly leased space will be used by two freight forwarding companies.

 "The business park is in a prime location for these customers," said Jay Cornforth (middle right photo), AMB's managing director, East Region. "AMB Beacon Lakes is just five miles from Miami International Airport, which handles more international air freight than any other U.S. airport."

Beacon Lakes, a joint venture project of AMB and Flagler, is a 478-acre business park located west of Miami International Airport and northwest of the intersection of State Road 836 and the Florida Turnpike.

Miami is an important gateway hub for goods flowing from Europe and the Far East to Latin America, and for goods from Latin America into the United States.

As of June 30, 2010, AMB's portfolio in the Florida market totaled approximately 8.5 million square feet of operating and development properties, with more than 6.9 million square feet of that in Miami, including a facility on-tarmac at Miami International Airport.

 Tracy A. Ward, Vice President, IR & Corporate Communications, +1-415-733-9565,, or
Jon M. Boilard, Director, Media and Public Relations, +1-415-733-9561,, , both of AMB

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