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ink Logistics secured a $95 million mortgage for its Palmetto 74 Logistics Center in Medley, a complex of four industrial buildings totaling 403,496 square feet. The loan was provided by an affiliate of GID, a New York-based firm with ties to investment giant Blackstone. Both companies are headquartered in New York.

    The property, located at 8100 and 8130 Northwest 74th Court, was previously home to seven smaller industrial buildings purchased by Gramercy Property Trust for $13.2 million in 2017. A year later, Blackstone acquired Gramercy for $7.6 billion and launched Link Logistics.

    Link demolished the existing structures in 2021 and began construction on the new warehouses a year later. The company is led by CEO Luke Petherbridge and has been actively expanding its presence in South Florida's industrial market. In recent deals, Link purchased a manufacturing facility in Pompano Beach for $20.7 million and acquired an industrial campus in Deerfield Beach for $162 million.

    Link and Blackstone are also developing the Sycamore Logistics Center in Medley, which will consist of two warehouses spanning 310,456 square feet. The joint venture secured a $51 million construction loan to build the project last year.