Blackstone Sells South Florida Warehouse Porfolio For $121M
The deal includes three warehouses totaling approximately 458,000 square feet.
The deal includes three warehouses totaling approximately 458,000 square feet.
The park offers 344,940 square feet of purpose-built industrial space engineered for the region’s booming distribution and logistics needs.
The portfolio consists of seven fully leased industrial properties totalling 787,728 square feet.
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Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, and Greg Miller of Cushman & Wakefield represented the seller, Midtown Group, in the transaction. The building was acquired by NorthBridge. Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process.
He will be based in the Miami office and will provide capital markets and structured finance advisory to clients across South Florida and beyond.
The investment firm plans to acquire an additional two to four properties this year.
Adam P. Von Romer, CCIM represented both parties in the transaction.
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The Class A logistics campus will feature two state-of-the-art buildings totaling more than 182,000 square feet. Construction is anticipated to be completed in the first quarter of 2026.
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