Longpoint Partners Acquires Off Market Industrial Asset In South Florida
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
“This refinancing reflects both the quality of the portfolio assets and continued strength of the Boca Raton office market,” PEBB Enterprises CEO Ian Weiner said.
The new loan replaces a $20 million loan provided by Amerant Bank in 2024.
The lease deal was negotiated by Gordon Messinger of CBRE.
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The landmark project will feature 64,000 square feet of curated restaurant and retail space, 382 luxury apartment residences, high-end amenities and a pedestrian-oriented streetscape designed to anchor the Northwood Village corridor.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents.
Under current EB-5 regulations, petitions filed on or before September 30, 2026 are protected under the program’s grandfathering provision, meaning applications submitted by that date will continue to be processed under existing rules even if the program changes or sunsets in 2027.
The 5,279-square-foot industrial automotive facility is situated on 0.6 acres just south of Downtown Fort Lauderdale.
Read on for the most popular news headlines this past week on CRE-sources.
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