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 building features 24’ clear span heights, a 335’ building depth, 49 loading positions, and 95’ to 150’ truck court depths.
The facility was 100% leased to 12 tenants that are critical to the local economy and service the immediate area.
José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun and Daniel Sarmiento with CBRE National Partners, represented the seller, Manova Partners, in the transaction.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
A real estate fund managed by Ares Management purchased the portfolio from a joint venture (JV) partnership between Greystar and Butters Construction & Development.
The three-building industrial campus totals 336,852 square feet.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.