B
oston-based Longpoint Partners has sold a Miami-Dade warehouse to Corebridge Real Estate Investors for $43.5 million, realizing a significant gain of nearly $15 million from its 2021 purchase price of $28.9 million. The 221,471-square-foot facility at 1400 Northwest 169th Street is nearly fully leased and part of the Sunshine State Industrial Park.

    Longpoint has been actively expanding its presence in South Florida's industrial real estate market through several high-profile acquisitions in recent years. In November, the firm acquired a 26-property warehouse portfolio across Miami-Dade, Broward, and Palm Beach counties for $331.3 million, marking the largest industrial purchase of 2024.

    Corebridge Real Estate Investors, led by CEO Douglas Tymins, has also been expanding its holdings in South Florida. The company previously acquired an industrial facility in Miami Gardens for $25.5 million and now owns a significant portfolio with $10.1 billion in real estate assets under management. A CBRE team represented Longpoint in the sale of the warehouse, which was completed at $196 per square foot.