Longpoint Pays $331.3M for S. Florida Warehouse Portfolio

Longpoint Partners acquired a 26-building industrial portfolio in South Florida for $331.3 million. The 1.4 million-square-foot portfolio is located across Miami-Dade, Broward and Palm Beach counties. These acquisitions follow Longpoint’s purchase of a 25-building industrial portfolio in the Miami and Fort Lauderdale MSAs for $260 million in December of 2023. 

The portfolio consists of light industrial properties situated in infill locations with a combined occupancy level of 97% at the time of sale. Approximately 71% of the properties are in Miami-Dade County, 20% in Broward County, and 9% in Palm Beach County. The buildings were built between 1964 and 2003, and feature dock and grade-level loading, an average of 21-foot clear heights, 24% office space, and 50-foot to 200-foot truck court depths.

CBRE’s Jose Lobon, Frank Fallon, Trey Barry and Royce Rose represented the seller.  

The portfolio’s last-mile properties are strategically located near major transportation arteries.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!