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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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DiGiacomo Group Negotiates Sale Of Industrial Warehouse In Medley

7500 NW 74 AVE

DiGiacomo Group’s Stephen J. DiGiacomo, SIORPatricia Marquez and Roger Zuniga negotiated the sale of an industrial warehouse totaling 28,950 square feet located at 7500 NW 74th Avenue in Medley.

Buyer SFM Services, Inc. purchased the warehouse, which is situated on 3.29 acres, from Murton Realty LLC, for $3,800,000.

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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.

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