Market Overview

Agree Realty Announces Florida Development Project

Agree Realty Corporation (NYSE: ADC) today announced that it has closed on the acquisition of a parcel of land in Casselberry, Florida for the development of an industry leader in gas and convenience retailing. The project is pre-leased under a long term ground lease.

The Company's work on the project is expected to be completed by the third quarter of 2013. The site is conveniently located on the northeast corner of US 17-92 and Seminola Boulevard in Casselberry, Florida.

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