Property within the portfolio embrace buildings in Davie (pictured), Deerfield Seashore and Lauderhill. Picture courtesy of CBRE
Longpoint Companions has bought a 25-building industrial portfolio totaling roughly 1.4 million sq. ft. Seagis Property Group bought the properties, positioned throughout Miami and Broward counties in South Florida. On the time of the transaction, the portfolio was 97 % leased.
Included within the deal are properties positioned at 400 Goolsby in Deerfield Seashore, 2100-2190 SW 71st Terrace in Davie, and 3685 fifteenth St. in Lauderhill, amongst many others.
The deal marks Florida’s largest industrial sale of the yr to this point, in line with CBRE, and in addition the second-largest business actual property sale within the state in 2023.
CBRE Nationwide Companions’ Jose Lobón, Frank Fallon, Trey Barry and Chris Riley represented Seagis Property Group. CBRE’s Tom O’Loughlin, Devin White, Royce Rose and Alain Bonvecchio assisted the group.
Longpoint lately closed its third institutional fund, which was oversubscribed at some $940 million of commitments. The fund is geared towards small- to medium-sized, underutilized industrial belongings throughout the nation.
An industrial portfolio in South Florida
Accomplished in 1985, 400 Goolsby is an 86,400-square-foot facility, CommercialEdge knowledge reveals. Earlier than promoting it to Longpoint as a part of the 1.4 million-square-foot portfolio, Seagis Property Group had bought it in 2008 for $8.1 million. Tenants embrace Doormark and Brunswick Door.
Seagis Property Group acquired 2100 SW 71st Terrace in 2007. Accomplished in 1985 and totaling 96,175 sq. ft, the power options 24-foot clear heights, a truck court docket and 168 parking areas. Tenants at 2100 SW 71st Terrace embrace US Imaging Options, NOVA, Visible Edge IT and Bommarito Efficiency Techniques.
Totaling 53,298 sq. ft, 3685 fifteenth St. got here on-line in 1987. Tenants embrace Sunlite, Dennis Transport, All County Produce and BungoBox, amongst others.
