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Home›Real Estate›Industrial & Land›Longpoint buys 10-building Miami-area warehouse portfo…

Longpoint buys 10-building Miami-area warehouse portfolio for $195M

The industrial portfolio totals 729,901 square feet across about 41.8 acres and was 90% occupied by 74 tenants at the time of acquisition.

Reported · Written up by our desk · Industrial & Land

Longpoint Partners acquired a 10-building industrial warehouse portfolio in Miami-Dade County for $195 million, according to ConnectCRE.

Brookfield Asset Management was the seller.

The portfolio includes 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets.

At acquisition, it was 90% occupied by 74 tenants, with an average tenant size of about 9,864 square feet.

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Sources

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

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