Longpoint Pays $195M for 10-Building Miami-Area Warehouse Portfolio

Longpoint Partners acquired a 10-building industrial portfolio in Miami-Dade County for $195 million. Brookfield Asset Management was the seller. The portfolio comprises 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets. At acquisition, the portfolio was 90% occupied by 74 tenants, with an average tenant size of approximately 9,864 square feet. The ...

The post Longpoint Pays $195M for 10-Building Miami-Area Warehouse Portfolio appeared first on Connect CRE.