CBRE National Partners Arrange Largest Industrial Transaction in Florida Year-to-Date

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.

CBRE National Partners’ Jose Lobón, Frank Fallon, Trey Barry, and Chris Riley represented the seller in the transaction. The team was assisted by CBRE’s Tom O’Loughlin, Devin White, Royce Rose and Alain Bonvecchio.

The transaction marks the largest industrial sale, as well as the 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 Vice Chairman Jose Lobón.

The portfolio was 97% leased by 77 tenants at the time of sale.