A private equity firm, which reportedly is buying 12 million square feet of office and industrial space from Coral Gables-based Flagler, is already seeking to flip the industrial component of the portfolio.
A source familiar with the deal said TPG Capital is asking more than $300 million for Flagler’s industrial portfolio and has hired CBRE in Dallas to market it. The deal would include Flagler Station, one of South Florida’s largest industrial parks.
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