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Blackstone Buys Industrial Portfolio Near Miami Airport for $56M

Blackstone bought a huge industrial portfolio next to Miami International Airport for $56 million.

The private equity giant bought the three warehouses totaling 367,848 square feet at 3208 Northwest 72nd Avenue and 3108 Northwest 72nd Avenue for $152 per square foot, records show. Airport Trade Center, which lists Haim Yehezkel as one of its principals, is the seller. Yehezkel leads the real estate firm Elysee Investments in Miami Beach. The warehouses were built in 1972 and last traded for $13 million in 1999.
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Centergate at Gratigny Sells, Marking Florida’s Largest Industrial Sale Of The Year

CBRE has arranged the sale of Centergate at Gratigny in Hialeah.

The 3-building property, located at 5801 and 6301 East 10th Avenue, was sold on behalf of PRII CENTERGATE 1 LLC and PRII CENTERGATE 2 LLC, subsidiaries of Prudential Real Estate Investors, which acquired the property in 2015. The seller was exclusively represented by the CBRE Capital Markets team of Vice Chairman Chris Riley, Vice Chairman Christian Lee, and Executive Vice President José Lobón.

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