The New York City-headquartered manufacturing firm's lease at 10-12 Horizon Blvd. will provide the company with a strategically located warehouse and distribution facility to support its showrooms and manage shipments to customers around the world.

Blackstone Real Estate Partners IX closed with $20.5 billion of total capital commitments.

The less than one-acre site at 6747 Collins Ave. was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings.