Blackstone, through its subsidiary Link Logistics, has re-entered the South Florida industrial market with the $163.1 million acquisition of a four-warehouse complex in Pompano Beach. This strategic move follows a significant divestment of over $1 billion in industrial assets across the region in the preceding two years, signaling a renewed focus on the sector.
Key Takeaways
- Blackstone and Link Logistics acquired a 623,300-square-foot industrial complex in Pompano Beach for $163.1 million.
- The acquired properties were previously owned by Clarion Partners, which had purchased them for $77.2 million in 2016.
- The transaction marks Blackstone’s return to industrial acquisitions in South Florida after selling over $1 billion in assets between 2024 and 2025.
- The Broward County industrial market shows signs of moderation with a rising vacancy rate but sustained rental growth.
Strategic Acquisition in Pompano Beach
The newly acquired Pompano Beach complex, totaling 623,300 square feet, is located at 2510 West Copans Road and 1901, 2001, and 2004 Northwest 25th Avenue. Blackstone and Link Logistics paid approximately $262 per square foot for the properties, which were developed between 2000 and 2002. The tenant roster includes notable companies such as Lowe’s Home Centers, WorldPac, Stoneline Group, and American Flooring Supplies.
Blackstone’s Shifting South Florida Strategy
This acquisition represents a significant shift for Blackstone, which had been actively selling off its South Florida industrial portfolio. Between 2024 and 2025, the firm divested more than $1 billion in warehouse assets across Miami-Dade, Broward, and Palm Beach counties. Notable sales included the Royal Palm Doral industrial portfolio in Miami-Dade for $130.7 million to Terreno Realty, as well as transactions with TA Realty, Ares Management, and East Capital Partners.
Broward County Industrial Market Overview
Recent market reports indicate a slight increase in Broward County’s industrial vacancy rate, reaching 6.8 percent in the fourth quarter, up from 5.1 percent a year prior. Average asking rents saw a marginal dip to $17.08 per square foot. However, the limited new supply, with only about 506,000 square feet under construction, suggests that demand is likely to outpace future inventory growth. Despite the softening, other recent transactions highlight continued investor interest in the region, including Northbridge Partners’ $81.5 million acquisition of the Elevate Broward industrial campus and MIG Real Estate’s $70 million purchase of a warehouse portfolio from Longpoint.
Sources
- Blackstone Pays $163 Million For Broward County Warehouses, The Real Deal.
- JLL arranges the sale of premier Broward County industrial campus, JLL.
- Harbert Management Sells Industrial Campus to Northbridge, The Real Deal.
- NorthBridge Pays $81M for 11-Building Broward County Warehouse Portfolio, Connect CRE.
- Longpoint Sells Broward Warehouses For $70M, The Real Deal.