Lincoln Property Company has appointed Matt Nicholson as Executive Vice President for the Mid-Atlantic region.

Lincoln Property Co. and Walton Street Capital purchased a 226,392-square-foot distribution center in Weston, Fla., for $43.8 million.

Lincoln Property Co. and its joint venture partner Ullico Investment Advisors acquired a 138,851-square-foot Class A industrial asset in Hamilton Township, according to a Monday announcement from JLL.The vacant building is located at 861 Sloan Avenue and is being prepped for immediate occupancy, making it an attractive opportunity for companies looking to expand their logistics footprint at a strategically located East Coast logistics facility.“The acquisition of 861 Sloan Avenue afforded us a rare opportunity to acquire a well-configured, quality industrial asset at an attractive basis,” Ben Bucci, executive vice president and market leader for Lincoln’s New Jersey office said. “Our team is bullish on these types of tactical investments in existing industrial real estate, as well as new development opportunities throughout the Tri-state region. We are grateful to our partners at Ullico and Lee & Associates for working with us to bring this transaction over the finish line.”“We are thrilled about our first investment with Lincoln Property Company,” Jim Darcey, managing director for Ullico Investment Advisors said. “Moving forward, we are focused on similar value-add opportunities.”861 Sloan Avenue features 38′ clear heights, 60′ x column spacing, 13 fully equipped dock doors (expandable to 18), 12 trailer parking stalls, a newly installed roof, and an ESFR system.Lincoln is providing property management services for the building, bringing the firm’s total square feet under management in New Jersey to approximately eight million square feet. Claudia Ganas, Monica Franco, and Ana Carolina de Araujo of Lee & Associates are marketing the property for lease.The seller, Commercial Development Company, was represented in-house in the deal negotiations.861 Sloan is located close to multiple key transportation routes connecting the Eastern Seaboard