Longpoint Partners Makes Additional $30 Million Industrial Portfolio Purchase In Miami Airport West
January 15, 2024
On the heels of its purchase of a 25-building industrial portfolio totaling ±1,393,972 square feet across Miami-Dade and Broward Counties, Boston-based real estate private equity firm Longpoint Partners purchased another multi-tenant industrial portfolio totaling ±126,123 square feet within the Miami Airport West market.
The assets include:
- Hopton Warehouse Miami, a ±25,120-square-foot distribution facility located at 8440-8450 Northwest 64th Street built in 2016.
- Hopton II @ Panamerican West, a 3-building office/warehouse park located 1900, 2000, 2090 Northwest 133rd Avenue within Beacon Lakes, built in 2017
- 8615 Northwest 64th Street, a ±24,000 square foot partially refrigerated facility, built in 1989
The purchase price was $30 million, equating to $238 per square foot.
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
Source: CRE-sources