{"id":1004563761,"date":"2022-01-13T09:30:03","date_gmt":"2022-01-13T17:30:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004563761"},"modified":"2022-12-08T21:37:08","modified_gmt":"2022-12-09T05:37:08","slug":"blackstone-grows-tenant-roster-at-miami-area-logistics-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-grows-tenant-roster-at-miami-area-logistics-center\/","title":{"rendered":"Blackstone Grows Tenant Roster at Miami-Area Logistics Center"},"content":{"rendered":"
\"\"<\/a>

Cypress Pointe Distribution Center. Image courtesy of Cushman & Wakefield<\/p><\/div>\n

Link Logistics<\/strong>, Blackstone\u2019s<\/strong> U.S. industrial real estate platform, has signed two leases totaling 153,495 square feet at its newly constructed Cypress Pointe Distribution Center in Pompano Beach, Fla. The deals bring the warehouse and distribution facility to full occupancy.<\/p>\n

JFC International Inc.<\/strong>\u2014a subsidiary of Asian food distributor Kikkoman Corp.\u2014committed to just under 87,190 square feet. The company will relocate its sales offices and warehouse from its current Pompano Beach space at 1728 Park Central Blvd. S.<\/p>\n

The second tenant is Reload Floating Energy<\/strong>, an affiliate of local company AccuSolar and subsidiary of AccuDock, a floating dock manufacturer. The tenant will use the new space for manufacturing, warehouse and distribution purposes.<\/p>\n

\n

READ ALSO: <\/strong>Miami’s CRE Highlights of 2021<\/a><\/p>\n

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Situated on a 9.2-acre site, construction of the spec industrial facility broke ground in March 2021 and delivered the same year, according to South Florida Business Journal<\/em>. Link Logistics acquired the site in 2019 for $9.6 million.<\/p>\n

Cypress Pointe offers 153,495 square feet and 32-foor ceiling heights. The building includes an ESFR fire safety system, LED lighting, 40 dock-high doors and two drive-in doors. The property comprises a 120-foot truck court, 54- by 193-foot bay sizes and 54- by 44.5-foot column spacing.<\/p>\n

Cushman & Wakefield<\/strong>\u2019s South Florida Industrial Team representing the landlord included Chris Metzger, Rick Etner Jr., Christopher Thomson, Matt McAllister and Merritt Etner. Mike Oretsky, Tom O\u2019Loughlin and Larry Genet of CBRE<\/strong> worked on behalf of JFC, while Jonathan Thiel and Keith Graves of Berger Commercial<\/strong> represented Reload Floating Energy in the negotiations.<\/p>\n

Blackstone\u2019s Big Deals<\/h2>\n

Blackstone’s logistics portfolio went through significant changes in 2021. In September, Link Logistics sold off a 1.9 million-square-foot industrial portfolio<\/a> in the Minneapolis-St. Paul area. Nicola Wealth Real Estate picked up the 22-building ensemble, marking the company\u2019s debut in the Twin Cities market.<\/p>\n

In November, two Blackstone Group affiliates picked up a 124-property industrial portfolio<\/a>, with assets situated across the U.S. and Europe. The buyer, Cabot Properties, pocketed $2.8 billion in the deal. The U.S. warehouses are spread across South Florida, the New York City metro area, eastern Pennsylvania and the Inland Empire.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deals bring the recently completed Pompano Beach asset to full occupancy.<\/p>\n","protected":false},"author":739,"featured_media":1004563762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,1492,21742],"tags":[38785,32892,32789,32799,51531],"class_list":["post-1004563761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-miami","category-latest","tag-berger-commercial-realty","tag-blackstone","tag-cbre","tag-cushman-wakefield","tag-link-logistics"],"acf":[],"yoast_head":"\nBlackstone Grows Tenant Roster at Miami-Area Logistics Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Blackstone affiliate Link Logistics has signed two leases at its newly constructed Cypress Pointe Distribution Center in Pompano Beach, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-grows-tenant-roster-at-miami-area-logistics-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Grows Tenant Roster at Miami-Area Logistics Center\" \/>\n<meta property=\"og:description\" content=\"Blackstone affiliate Link Logistics has signed two leases at its newly constructed Cypress Pointe Distribution Center in Pompano Beach, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-grows-tenant-roster-at-miami-area-logistics-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T17:30:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:37:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/cypress-pointe-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1067\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-grows-tenant-roster-at-miami-area-logistics-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-grows-tenant-roster-at-miami-area-logistics-center\/\",\"name\":\"Blackstone Grows Tenant Roster at Miami-Area Logistics Center - 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