CBRE Arranges Florida’s Largest Industrial Sale
CBRE has arranged the sale of a 25-building industrial portfolio totaling 1,393,972 sq. ft across Miami-Dade and Broward Counties in South Florida. Longpoint Partners, a Boston-based real estate private equity firm, purchased the property from Pennsylvania-based Seagis Property Group.
A CBRE National Partners’ team led by Jose Lobon represented the seller in the transaction.
CBRE claims the transaction marks the largest industrial sale and second-largest sale for a commercial real estate property in Florida this year.
“The buyer was attracted to this portfolio because it offered rare critical mass in South Florida, one of the strongest industrial markets in the country,” said CBRE’s Lobón.
The portfolio was 97% leased by 77 tenants at the time of sale.