Andrew Silberfein

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    The two four-story buildings offer a mix of studio, one- and two- bedroom units with an average rental rate of $1,851. The community also includes more than 6,000 square feet of retail space.

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    The Cushman & Wakefield Capital Markets team, along with two leasing partners, negotiated the sale of Transal Park, a six-property campus that was 88 percent leased at the time of sale.

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    With the closing of the transaction, Blackstone Real Estate Income Trust has added 22 million square feet of last-mile infill warehouse and distribution facilities to its holdings.

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    The portfolio includes four properties totaling 426,000 square feet, located in Lakeland and Winter Haven, Fla. JLL arranged the transaction on behalf of the seller, Parkway Partners.

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