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Dolphin Commerce Center is a world-class industrial and telecom
park situated on over 100 acres in Miami's Airport West market.
The master-planned project is zoned to accommodate more than
3 million square feet of distribution showroom buildings and
hurricane resistant data centers. The project is strategically
located just west of the Miami International Airport on N.W.
25th Street, adjacent to the Florida Turnpike and State Road
836.
Tenants at the project include Danzas/AEI, U.S. Postal Service,
DHL Airways, Volkswagon/InterAmericana, Lennox Global, Bellsouth,
Cable & Wireless and Telefonica.
COMPANY:
LightSpeed Infrastructure (LightSpeed) is a subsidiary of
Swerdlow Real Estate Group, the preeminent developer in S.
Florida. It provides technologically advanced real estate
infrastructure for the new economy by developing world-class,
carrier neutral, mission critical facilities. Its properties
serve the rapidly expanding needs of a broad range of telecom
companies, web hosts, ISPs, ASPs and general businesses with
high-tech real estate requirements.
The firm has close to five million square feet of telecommunications
and information technology properties under development, with
substantially all of the properties located in South Florida.
All projects include reliable, redundant power supply, broadband
connectivity and advanced security. Additionally, each project
is designed and engineered for generous floor plates, ample
clear ceiling heights and high floor loading capacity.

MARKET:
LightSpeed is strategically positioned to benefit from South
Florida's emergence as the technology "Gateway to the
Americas". In addition to Florida's proximity to Latin
America, the state has strong cultural ties to the region,
which is second only to Asia in terms of projected future
Internet growth. Florida's maturing communications infrastructure,
together with a bilingual and technically skilled labor pool,
ideally positions it to capitalize on Internet growth. As
such, there is significant demand for strategically located,
technologically advanced real estate. LightSpeed looks to
satisfy these demands by focusing on the following product
types:
Internet Data Centers - As South Florida becomes the technology
hub for servicing the Americas, there is an increased demand
by national and international companies for real estate facilities
to house network equipment and telecommunications infrastructure.
At the same time, there are also public and private initiatives
to bring Florida's bandwidth capacity up to the level of more
technologically advanced states, resulting in further infrastructure
demand.
Mission Critical Office Buildings - In the light of increased
security requirements and the need for disaster recovery planning
there is a growing demand for buildings with advanced communications
infrastructure and data center capabilities. These facilities
provide tenants with a location for the secure placement of
people, equipment and documents. Other facility amenities
include high speed Internet access, voice services, data networking
and video conferencing.

EXPERTISE:
LightSpeed
has recently built and delivered Category 5, hurricane resistant
data centers to Telefonica Data, one of the largest telecom
carriers in the world and to Exodus Communications, the world's
leading web hoster. The company has also completed construction
of the West Miami node for BellSouth's network access point
(NAP).
LightSpeed's parent real estate company, Swerdlow Real Estate
Group, has built over 8 million square feet of retail, industrial
and office space and has developed several thousand residential
real estate lots across the country during the past 15 years.
The firm's projects are continually awarded for technological,
engineering and construction excellence.
PROJECTS:
LightSpeed is currently developing several projects in S.
Florida. The company has plans to develop additional mission
critical facilities around the country.
(A) LightSpeed
Miami Center - Home to over three million square feet
of telecommunications and information technology space, LightSpeed
Miami Center is the first and largest controlled environment
of its kind in South Florida. The project is located on over
100 acres in Miami's Airport West area, a burgeoning business
center. LightSpeed Miami Center includes the highest degrees
of security and connectivity and its current tenants include
Telefonica Data, Exodus Communications and BellSouth.
(B)
LightSpeed Miracle Center - A 300,000 square foot mission
critical office building in the Coral Gables area of Miami
- the gateway to Latin America. LightSpeed Miracle Center
is the first building of its kind, combining premium office
space with a world-class data center. The project boasts extremely
large floor plates of up to 100,000 square feet, unparalleled
in the City of Miami.
(C)
LightSpeed Fort Lauderdale Center - A 800,000 square-foot
multi-building project designed for telecommunications, information
technology and high-tech businesses. The site is strategically
centered in Broward County at Cypress Creek Road and I-95,
with outstanding access via direct interstate ramps and an
adjacent Tri-Rail station. The first phase will be a 240,000
square foot mission critical office building with 60,000 square
foot floor plates. Occupancy is scheduled for Q4 2002.
OWNERSHIP:
LightSpeed Infrastructure, based in Hollywood, Florida, is
headed by Michael J. Swerdlow, Chairman and Chief Executive
Officer. The firm is controlled by Swerdlow Real Estate Group,
Inc., a private real estate investment trust (REIT) involved
in a broad range of real estate ownership, development, management
and leasing activities. The firm is one of the preeminent
real estate firms of its kind in the Southeastern United States.
Swerdlow Real Estate Group has approximately 100 employees
with diverse backgrounds in technology, telecommunications,
acquisitions and dispositions, real estate asset and property
management, leasing, construction, zoning, urban planning,
legal and financial services. The group distinguishes itself
with its high level of financial and technical expertise,
coupled with the ability to optimize value through hands-on
development and asset management experience.

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