Longpoint has acquired a cluster of industrial-logistics properties totaling 1.4 million square feet across 12 locations in the Miami and Fort Lauderdale, Florida, areas.
The Boston-based real estate private equity firm acquired the 25-building industrial portfolio for $262 million from Pennsylvania-based Seagis Property Group. Longpoint officials said the acquisition expands the company’s presence throughout several infill submarkets in Florida.
The transaction closed in December and was officially announced on Friday.
