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.