Seagis Property Group, based in Conshohocken, has sold a portfolio of 25 industrial buildings across South Florida, writes Brian Bandell for South Florida Business Journal.

Longpoint Partners, a private equity firm in Boston, now owns the buildings that are located across Miami-Dade and Broward counties.

According to available documentation, not all the deeds have been filed yet. However, six of the properties in Broward County were sold for a combined $115.61 million.

In total, the industrial portfolio includes 1.39 million square feet. The 25 buildings have a combined total of 77 tenants and an occupancy rate of 97%.

CBRE represented Seagis in the sale. CBRE’s Jose Lobón said, “The buyer was attracted to this portfolio because it offered rare critical mass in South Florida, one of the strongest industrial markets in the country.”

Silicon Valley Bank, a division of First-Citizens Bank & Trust, financed the deal with mortgages for the warehouses.

Seagis, established in 2005, invests primarily in industrial properties in New Jersey, New York, and South Florida.

Read more about Seagis Property Group in the South Florida Business Journal.

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