Longpoint Partners Acquires Broward County Industrial Portfolio For $115.6M

2100 Southwest 71st Terrace, 400 Goolsby Boulevard, 1977 Northwest 19th Street, 3685 Northwest 15th Street, 3420-3470 NW 53 St & 3560 Northwest 56th Street

$115,600,000

$31/SF

Building Size

3,630,000 SF

Asset Type

Industrial

Closing

Dec 8, 2023

A Broward County industrial portfolio has been sold to Longpoint Partners for $115.6 million. The portfolio includes nine buildings spanning nearly 605,000 square feet in Davie, Deerfield Beach, Fort Lauderdale, and Lauderhill. The purchase marks the largest industrial transaction in South Florida this year, according to CBRE.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $115,600,000
Square Footage: 605,000
Address: 2100-2290 Southwest 71st Terrace, 400 Goolsby Boulevard, 1977, 1989, 1919 Northwest 19th Street, 3420-3470 Northwest 53 Street, 3560 Northwest 56th Street & 3685-3697 Northwest 15th Street
Market: Davie, Deerfield Beach, Fort Lauderdale & Lauderhill

Longpoint Partners, a Boston-based company, purchased the Broward County industrial portfolio for $115.6 million. The deal was brokered by Frank Fallon and Jose Lobon from CBRE. The seller, Seagis Property Group, was represented by John Begier. Kathy M. Mulkern, also from Longpoint Partners, represented the buyer in the transaction.

Players