TPG Capital Agrees to Buy Flagler's Florida Properties

By GlobeSt News Hub

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CORAL GABLES, FL-TPG Capital, an investment firm based in Forth Worth, Texas, has signed a contract to buy approximately 12 million square feet of developed office and industrial space across the Sunshine State. Parkway Properties, which has formed a joint venture partnership with TPG in the deal, will hold 10% stake in the portfolio.

The deal is expected to fetch more than $1 billion. Coral Gables-based Flagler is the seller of the portfolio. For the full story, go to Tampa Bay Business Journal .

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Categories: Southeast, Sales, Acquisitions/Dispositions, Industrial, Scope, Miami