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Elion Partners has acquired a 180,000-square-foot, last-mile industrial asset in Fort Lauderdale, Fla., directly off Interstate 95.
“The building’s characteristics together with the supply-constrained nature of the [Fort Lauderdale} airport submarket make the asset ideal for last-mile real estate,” said Michael Stellino, senior managing director of the real estate investment firm.
The $31.5 million transaction is part of a series of acquisitions Elion Partners has planned for its last-mile portfolio aggregation strategy across key logistics markets, including Broward and Miami-Dade counties in Florida. — Transport Topics
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