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11209 Metric Boulevard

Levi Cohen Of Warespace Acquires 441,000 Square Foot Industrial Portfolio From Luke Petherbridge And Stephen A. Schwarzman
SOLDIndustrial

Levi Cohen Of Warespace Acquires 441,000 Square Foot Industrial Portfolio From Luke Petherbridge And Stephen A. Schwarzman

11209 Metric Boulevard, 210 East Saint Elmo Road, 6215 El Camino Real, 7321 Southwest 75th Avenue & 4290 Brickell Street

Building Size

441,000 SF

Asset Type

Industrial

Closing

Jul 16, 2026

AI

Warespace has acquired a five-property industrial portfolio comprising 441,000 square feet. The properties are located at 11209 Metric Boulevard, 210 East Saint Elmo Road, 6215 El Camino Real, 7321 Southwest 75th Avenue, and 4290 Brickell Street, spanning markets in Austin, TX; Miami, FL; and Carlsbad, Ontario, CA.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Buyer: Levi Cohen - Warespace
  • Seller: Luke Petherbridge - Link Logistics
  • Seller: Stephen A. Schwarzman - Blackstone
  • Total Square Footage: 441,000
  • Market: Austin, TX; Miami, FL; Carlsbad, Ontario, CA

Levi Cohen leads Warespace in this significant acquisition, marking its largest deal to date and its first portfolio-level purchase. Luke Petherbridge represents Link Logistics and Stephen A. Schwarzman represents Blackstone in this transaction. Warespace has plans to convert the acquired properties into approximately 500 micro-bay warehouse units aimed at small businesses, supporting its expansion efforts following a recent $700 million capital raise.

Players

Levi Cohen

Warespace

Buyer

$156.9M

vol

7 deals

Buyer

Luke Petherbridge

Link Logistics Real Estate

Seller

$1.1B

vol

17 deals

Seller

Austin Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93