Longpoint Partners Makes Additional $30 Million Industrial Portfolio Purchase
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
Over the past decade, he has built his career as a market-leading brokerage professional specializing in industrial landlord and tenant representation and has completed industrial sale and lease transactions valued at more than $2 billion.
David Wigoda, SIOR with CBRE Capital Markets represented the seller in the transaction.
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The 312,103-square-foot facility is leased to food logistics company FreezPak.
The portfolio totals 138,979 square feet.
The e-commerce fulfillment center secured a 124,000-square-foot warehouse and office facility.
The 25-building industrial portfolio totaling 1,393,972 square feet is comprised of properties located in Davie, Deerfield Beach and
South Florida’s robust demand for trucking terminals and general industrial facilities are driving forces behind this strategic acquisition.
The company plans to build a sterile compounding facility in the space to manufacture and pack prescriptions.
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