Lightspeed at Beacon Tradeport

  The Preserve  
  Las Olas Riverfront  
  Cypress Creek Park & Ride  
  Miracle Center  
  Completed Projects  

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.