Longpoint Partners Acquires South Florida Industrial Portfolio From Blackstone For $331.3 Million

The recent transaction involved the sale of an industrial portfolio consisting of 26 buildings located in South Florida. The total sale price reached $331,300,000, encompassing a significant total square footage of 1,400,000 square feet. The price per square foot was calculated at $237.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $331,300,000
• Buyer: Dwight Angelini - Longpoint Partners
• Seller: Stephen A. Schwarzman - Blackstone
• Market: South Florida
• Brokers: Daniel Sarmiento, Devin White, Frank Fallon, Gabriel Braun, Jose Lobon, Robert Smith, Royce Rose, Tom O'Loughlin, Trey Barry - CBRE
• Square Footage: 1,400,000
• Price per Square Foot: $237

This acquisition enhances Longpoint Partners' local footprint to a total of 4.7 million square feet in the region. The brokerage firm CBRE represented Blackstone during this transaction, with multiple brokers involved in the negotiation process.