Boston-based private equity real estate firm, Longpoint, has recently completed the acquisition of a 25-building industrial portfolio in South Florida for $262 million. The portfolio spans over 1.4 million square feet and is located in Deerfield Beach, with properties spread across key areas within the Miami and Fort Lauderdale MSAs. The seller was Seagis Group and according to reports from the Miami Herald, this transaction marks one of the largest industrial deals in Florida within the past year.
According to Dwight Angelini of Longpoint, “The acquisition aligns with our strategy of investing in top-quality industrial assets situated in crucial logistics hubs.” He also added that there is significant potential for growth through capital improvements and operational enhancements.
Longpoint brings extensive expertise to this deal as they specialize in acquiring and managing infill logistics real estate across major markets throughout the United States. This latest investment further solidifies their presence within South Florida’s thriving commercial real estate market.
