Blackstone adds to industrial haul with $196M Boynton Beach deal
Blackstone’s Link Logistics picked up a nine-building portfolio in Boynton Beach for $195.9 million, adding to its South Florida industrial haul. New York-based Link Logistics bought the properties at 1920, 2017, 2027, 2045 and 2047 High Ridge Road; 3402 and 3602 Quantum Boulevard; and 1103 West Gateway Boulevard from San Francisco-based Prologis, according to records and real estate database Vizzda. The deal for the 798,700-square-foot portfolio breaks down to $245 a foot. The buildings, completed from 2000 to 2005, sit on a 53.6-acre site, Vizzda records show. The portfolio last traded for $58.5 million in 2010. The latest trade marks […]This article originally appeared on The Real Deal. Click here to read the full story.
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