U.S. real estate investment trust company ProLogis has completed the sale of the Sunshine State Industrial Park in Miami Gardens, Florida for $25 million.
The company sold the property, which was originally built in 1969 on an 11.2-acre site, to Boston-based real estate owner and operator Longpoint Realty Partners.
Longpoint Realty Partners bought the nearly 234,000-square-foot warehouse at 1400 Northwest 159th Street for $106 per square foot.
In April this year, the company purchased a Sedano’s-anchored shopping center in Pembroke Pines for $37.53 million.