Waste Management Acquires 146-Acre Development Site In Medley Florida For $380 Million

The transaction involves a development site located at 9515 Northwest 95th Avenue in Medley, Florida. The site encompasses 146 acres and has been sold for a total of $380,000,000. This acquisition is strategically positioned adjacent to Waste Management's existing 170-acre Medley Landfill, which is anticipated to facilitate future landfill expansion.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $380,000,000
• Buyer: James C. Fish Jr. & John Morris - Waste Management
• Seller: Lowell Dunn Company
• Seller Financing: $366.8 million maturing in 2046
• Easement: Granted for stormwater infrastructure

James C. Fish Jr. and John Morris are representing the buyer, Waste Management, in the transaction, while the seller is affiliated with Lowell Dunn Company. The seller financing agreement and the easement for stormwater infrastructure are key components of this deal, further enabling Waste Management's operational plans for the site.