Back on industrial buy side: Blackstone pays $163M for Broward warehouses
Blackstone and its subsidiary Link Logistics are scooping up warehouses again after selling portions of its South Florida industrial portfolio for $1 billion-plus over the past two years. New York-based Blackstone, led by Stephen Schwarzman, and subsidiary Link Logistics, led by Luke Petherbridge, bought a Broward warehouse complex for $163.1 million, South Florida Business Journal reported. The four warehouses, spanning a combined 623,300 square feet, are at 2510 West Copans Road, as well as 1901, 2001 and 2004 Northwest 25th Avenue in Pompano Beach. Blackstone and Link paid roughly $262 per square foot. CBRE represented the seller, Clarion Partners, which […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Prestige buys back Dania Beach apartments for $27M
Miami to sue Miami-Dade County over Allapattah CRA
Megawatt moratorium: Palm Beach County OKs year-long data center pause
Name your price: David Simkins flips waterfront teardown in Miami’s Morningside for $24M
“I love when financing is difficult” Terra’s David Martin talks construction loans, branded condos at The Real Deal’s Salon Series Miami
Downtown Miami’s king Moishe Mana pays $89M for Fort Lauderdale office tower
Mounting bills: Miami Freedom Park vendors, subcontractors seeking $13M-plus in allegedly unpaid work at stadium complex
Landmaxxing? Messi-linked entity buys Fort Lauderdale mansion next door
Mortgage rates climb for 5th straight week
Brightline Miami station retail under court-appointed receivership amid $65M foreclosure
