Blackstone Group Acquires Industrial Properties In Pompano Beach For $45.9M

The transaction involved an industrial property located at 1800-1880 North Commerce Parkway, 2121 Northwest 15th Avenue, 935 Northwest 31st Avenue, and 3400-3450 Park Central Boulevard in Pompano Beach. The property was sold for $45,900,000, encompassing 270,000 square feet, with a price per square foot of $170.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,900,000
• Square Footage: 270,000
• Price per Square Foot: $170
• Seller: Elion Partners - Shlomo Khoudari
• Buyer: Blackstone Group - Jon Gray, Stephen Schwarzman, Kathleen McСarthy, Ken Caplan
• Market: Pompano Beach

Key individuals involved in the deal include Shlomo Khoudari representing the seller as part of Elion Partners and Jon Gray, Stephen Schwarzman, Kathleen McСarthy, and Ken Caplan representing the buyer, Blackstone Group. Their roles highlight the collaboration of experienced professionals in executing this significant transaction.