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Blackstone Picks Up $94 Million Worth Of Industrial Properties From Elion Partners

Investment giant Blackstone paid a combined $45.9 million to Elion Partners for five warehouse properties in Broward County. However, a source with knowledge of the deal said the transactions included eight properties in Miami-Dade. When considering all properties in Miami-Dade and Broward counties, the total price was $93.5 million.

The deal shows there remains strong demand for industrial real estate in South Florida as occupancy rates are high. North Miami Beach-based Elion Partners acquired these warehouses in 2018 and 2019, and the new sale prices were significantly higher than the previous deals.

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Where Is Miami’s Industrial Market Going? Codina Partners Clues Us In

Beacon Logistics Park Rendering

Thirty years ago, Armando Codina launched his first industrial real estate project in Miami.

Now, his daughter, Ana-Marie Codina Barlick, is leading the family-owned firm back into the warehouse industry with one of South Florida’s largest projects.

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Hialeah Industrial Site Could Be Rezoned For Multifamily

A warehouse in Hialeah could be rezoned to spur multifamily development near a public transit station.

The 8.27-acre site at 1101 East 33rd St. has a 159,000-square-foot warehouse constructed in 1956. It’s seven blocks north of the Tri-Rail/Metrorail transfer station, where the regional rail transit connects with Miami-Dade County’s primary public rail system. It’s also near an Amtrak station.

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