Longpoint Partners is continuing to expand its South Florida presence by acquiring an industrial portfolio for $331.3 million from Blackstone, according to a report from the Commercial Observer.

The 26-building last-mile assets, which were all built between 1964 and 2003, take up a total of 1.4 million square feet. The warehouses are 97 percent leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Southeast
Industrial