Elion Partners has acquired a 180,000-square-foot, class A last-mile industrial asset known as Griffin Pointe Business Park located at 2281 Griffin Road in Fort Lauderdale, Fla., directly off Interstate 595 and Interstate 95.
The $31.5 million acquisition is part of a series of acquisitions the firm has planned for its last-mile portfolio aggregation strategy across key logistics markets, including Broward and Miami-Dade counties.
The firm plans to continue to pursue an investment strategy focused on first-, middle- and last-mile logistics real estate, targeting core, urban logistics hubs near large population centers in infill coastal markets. During the second half of 2020, Elion acquired seven additional last-mile industrial distribution assets in key logistics markets such as Seattle, San Francisco, Southern California, New Jersey and South Florida. Elion’s investment vehicles hold an existing portfolio of last-mile logistics real estate across the United States
