Blackstone & Link Logistics Acquire Pompano Beach Last-Mile Facility For $28.6M

Blackstone and its subsidiary Link Logistics have acquired a last-mile facility in Pompano Beach, Florida, for $28.6 million. The property is an industrial asset, consisting of a 124,000-square-foot warehouse located at 2700 Northwest Street. The transaction took place on June 21, 2023, and the property was sold by IDI Logistics. The market value of this industrial property is $231 per square foot.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $28,600,000
• Address: 2700 Northwest Street
• Market: Pompano Beach

The sale of the last-mile facility in Pompano Beach, Florida, was conducted by Blackstone, represented by Stephen Scharzman, and Link Logistics, represented by Luke Petherbridge. This acquisition marks their second industrial purchase in the area within a month. The 124,000-square-foot warehouse includes a Whole Foods distribution center, adding to the strategic value of the investment.