Business & Investment

Blackstone grows tenant roster at Miami Area Logistics Center

Cypress Point Distribution Center. Image courtesy of Cushman & Wakefield

Link logistics, Blackstone The US industrial real estate platform has signed two rental agreements totaling 153,495 square feet at the newly constructed Cypress Pointe Distribution Center in Pompano Beach, Florida. This transaction will fill up the warehouse and distribution facilities.

JFC International Co., Ltd.— A subsidiary of Kikkoman, an Asian food distributor — Committed to just under 87,190 square feet. The company will relocate its sales office and warehouse from its current Pompano Beach Space at 1728 Park Central Blvd. S.

The second tenant is Reload floating energy, An affiliate of the local company AccuSolar and a subsidiary of the floating dock maker AccuDock. Tenants will use the new space for manufacturing, warehousing and distribution purposes.

Read again: 2021 Miami CRE Highlights

Construction of the Spec Industrial Facility, located on a 9.2-acre site, began in March 2021 and was delivered in the same year. South Florida Business Journal.. Link Logistics acquired the site for $ 9.6 million in 2019.

Cypress Point offers ceiling heights of 153,495 square feet and 32 feet. The building includes an ESFR fire protection system, LED lighting, 40 dock high doors and two drive-in doors. The property consists of a 120-foot track court, a 54 x 193 foot bay size, and a 54 x 44.5 foot pillar spacing.

Cushman & WakefieldThe South Florida Industrial Team on behalf of the landlord included Chris Metzger, Rick Etner Jr., Christopher Thomson, Matt McAllister, and Merritt Etner.Mike O’Loughlin, Tom O’Loughlin, Larry Jennet CBRE Working on behalf of JFC, Jonathan Thiel and Keith Graves Burger commercial Represented reload floating energy in negotiations.

Blackstone Big Deal

Blackstone’s logistics portfolio underwent significant changes in 2021. In September, Link Logistics 1.9 million square feet industrial portfolio Minneapolis-at Cent. Pole area. Nicola Wealth Real Estate has acquired an ensemble of 22 buildings to commemorate its debut in the Twin Cities market.

November, two affiliates of Blackstone Group Acquired an industrial portfolio of 124 properties, Assets are in the United States and Europe. Buyer Cabot Properties has pocketed $ 2.8 billion in the deal. US warehouses are spread over South Florida, New York City’s metropolitan area, eastern Pennsylvania, and the Inland Empire.

Blackstone grows tenant roster at Miami Area Logistics Center Blackstone grows tenant roster at Miami Area Logistics Center

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