Lincoln Property Company announced that Lincoln Logistics Fund II acquired Deerfield Corporate Park, a multi-tenant light industrial park in Deerfield Beach, Florida, as part of the fund’s continued expansion across high-barrier U.S. logistics markets. The fund focuses on last-mile, multi-tenant investments with an enhanced-value strategy centered on leasing vacant space, implementing targeted capital improvements, and pursuing strategic development initiatives.
Located within the Fort Lauderdale industrial market, Deerfield Corporate Park sits in a land-constrained area experiencing strong population growth and limited new industrial supply. Lincoln believes these market dynamics will continue to support demand and rental growth for well-located logistics properties in South Florida.
The property totals approximately 252,000 square feet across four Class A light industrial buildings and is currently 94% leased to 20 tenants. The buildings feature rear-load configurations, clear heights of up to 26 feet, and shared truck courts designed to accommodate a broad range of last-mile and light industrial users.
Lincoln plans to execute a value-add strategy focused on leasing remaining vacancies, renewing leases at market rates, and selectively upgrading building systems to improve operational efficiency and support long-term income growth.
The acquisition follows the recent cornerstone close of Lincoln Logistics Fund II, which raised more than $280 million in capital commitments from two longstanding investors, alongside Lincoln’s majority owner, Stone Point Capital LLC, and Lincoln employees. The fund is pursuing the same enhanced-value logistics investment strategy Lincoln has utilized since 2001.
Lincoln Property Company is one of the largest private real estate firms in the U.S., with more than $31 billion in assets under management as of December 31, 2025. The company operates across multiple property sectors, including office, industrial, multifamily, retail, life science, healthcare, data centers, and mixed-use developments throughout the United States, United Kingdom, and Europe.
KEY QUOTES:
“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. We see meaningful opportunity to enhance the quality and performance of the park through targeted investment.”
Gary Kobus, Co-Head of Logistics, Senior Managing Director, Lincoln Property Company
“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.”
David Binswanger, Co-Chief Executive Officer, Lincoln Property Company
“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. 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.”
Diego Juncadella, Executive Vice President, Florida, Lincoln Property Company
