Longpoint Realty picks up warehouse near MIA
The Boston-based private equity firm has been on a buying spree in South Florida
Longpoint Realty Partners bought a warehouse near Miami International Airport for $6.3 million, as the private equity firm continues to target commercial properties in South Florida.
Boston-based Longpoint Realty Partners purchased the 54,488 square-foot warehouse at 8150 Northwest 64th Street for $115 per square foot, records show. Interglass Holding Company sold the property.
Tenants at the warehouse include Eastgate Tobacco Company.
The property last traded for $4.6 million in 2016, according to records. It was built in 1984 and sits on a 1.84 acre lot.
Longpoint Realty Partners has been expanding its holdings in South Florida. In July, the firm bought an industrial park in Miami Gardens from ProLogis for $25 million. In April, the company paid $37.53 million for a Sedano’s-anchored shopping center in Pembroke Pines.
The firm also paid $21.2 million for a strip mall within the Crossroads Square Shopping Center in Pembroke Pines in November 2018.
The firm focuses on industrial and retail properties in major markets including Texas, Tennessee and Georgia, according to its website.