Longpoint Associates paid a mixed $115.6 million for a Broward County industrial portfolio that is section of a much larger deal also involving warehouses in Miami-Dade.
Affiliates of Boston-based Longpoint obtained 9 structures spanning nearly 605,000 sq. toes in Davie, Deerfield Seaside, Fort Lauderdale and Lauderhill, according to data. The deeds displaying the income selling prices for the Miami-Dade attributes have not been posted on the on line information section of the county clerk’s web site.
Together with the properties in Miami-Dade, Longpoint’s purchase is the premier industrial transaction in South Florida this 12 months, a CBRE press release states.
A CBRE team led by Jose Lobón and Frank Fallon represented the portfolio’s vendor, Conshohocken, Pennsylvania-based Seagis Assets Team.
A spokesperson for CBRE and Longpoint declined remark about the complete invest in value for the total portfolio, which entails 25 properties with 1.4 million sq. feet of industrial space
The portfolio was 97 percent leased with 77 tenants at the time of sale, the release states.
In this article are each individual of the Broward transactions:
In Davie, Longpoint paid out $18.3 million for a 90,000-square-foot industrial setting up done in 1984, data and Vizzda clearly show. Seagis compensated $3.5 million in 1998 for the web page at 2100-2290 Southwest 71st Terrace.
In Deerfield Beach, Longpoint obtained an 88,000-square-foot warehouse created in 1985 for $16.9 million. In 2008, Seagis compensated $8 million for the residence at 400 Goolsby Boulevard.
In Fort Lauderdale, Longpoint obtained a 4-making complex spanning 242,000 square feet finished concerning 1977 and 1989 at 1919 Northwest 19th Street for $47 million. Seagis compensated $19.7 million in 2007.
In the exact town, Longpoint also compensated $12.3 million for a 78,000-sq.-foot warehouse at 3420-3470 Northwest 53 Street accomplished in 1984, as very well as $11.1 million for a 56,299-square-foot setting up at 3560 Northwest 56th Street crafted in 1987.
In 2007, Seagis paid out $7.9 million for the warehouse accomplished in 1984 and the other constructing was component of a three-setting up order for $23.3 million.
And in Lauderhill, Longpoint purchased a 49,700-sq.-foot warehouse finished in 1987 for $9.8 million. In 2008, Seagis compensated $3.2 million for the house at 3685-3697 Northwest 15th Avenue.
