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Blackstone Sells Industrial Portfolio for $331M

The assets take up a total of 1.4 million square feet.

By Anthony Russo | November 19, 2024 at 05:05 PM

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.

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