, , , , , , , , Posted by on

Blackstone Group Affiliate Adds To Land Assemblage In Medley, Lines Up Property For Industrial Development

9800 NW 87th Ave

Fordome Investment Group, a real estate investment firm led by Kristopher Rodriguez, sold the 2.2-acre site at 9800 N.W. 87th Ave. for $3.3 million to GPT NW 87th Avenue Owner LLC, part of the industrial arm of Blackstone. It was used for automobile storage.

The property last traded for $675,000 in 2001, so Fordome made a nice profit on the deal.

Blackstone now controls about 18.05 acres in the area, which is just west of U.S. 27. It paid $7.2 million in June for 8.85 acres at the northeast corner of Northwest 96th Street and Northwest 87th Avenue. It also owns seven acres at 9800 N.W. South River Drive.

Click here to read more about this story.