Keystone Property Trust acquired a 545,000-square-foot distribution center in Miramar, Fla.

The value of the transaction was approximately $26 million.

The property is located at 3701 Flamingo Road, which fronts the Florida Turnpike in Broward County.

At the time of sale, the building was 67 percent leased to two tenants under long-term lease agreements.

West Conshohocken, Pa.-based Keystone Property Trust is a fully integrated real estate investment trust operating in the eastern United States.

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