Longpoint Partners has acquired a 10-building industrial portfolio in Miami-Dade County for $195 million, adding nearly 730,000 square feet of small-bay space to its South Florida holdings. The portfolio spans 41.8 acres, was 90% occupied at closing and includes 74 tenants across established, supply-constrained industrial submarkets.
Key takeaways
- The portfolio includes 729,901 square feet across 10 buildings.
- Longpoint paid approximately $267 per square foot.
- The properties were 90% occupied by 74 tenants at acquisition.
- The buildings feature 231 loading positions and clear heights of 17 to 25 feet.
- The deal expands Longpoint’s vertically integrated Miami and Fort Lauderdale operating platform.
Portfolio adds scale in infill Miami markets
The acquisition strengthens Boston-based Longpoint’s position in Miami-Dade, where industrial land is limited and demand remains supported by population growth, transportation access and proximity to major consumer markets. The properties average roughly 72,990 square feet each, placing them within the small-bay segment that serves distributors, service companies and other local and regional businesses.
The portfolio’s physical characteristics are designed to accommodate a range of users. Its buildings provide front- and rear-loading configurations, 231 loading positions and floor-area ratios of approximately 40%. These features can make the assets adaptable to tenants that need efficient last-mile or infill locations but do not require a large-format distribution center.
Diversified occupancy supports operating strategy
At the time of purchase, 74 tenants occupied the properties, with each tenant using an average of about 9,864 square feet. That tenant mix gives Longpoint a broader rent base than a single-user industrial investment and reduces the impact of any one lease expiration or vacancy.
The 90% occupancy rate also gives the firm an existing income stream while leaving room to lease available space. Longpoint can pursue unit-by-unit leasing, renewals and property improvements as part of its business plan rather than relying solely on new development.
Acquisition builds on local platform
Longpoint said Miami has been a core market for the firm for years. Its local teams and offices in Miami and Fort Lauderdale are intended to support acquisitions, leasing and day-to-day property management, giving the company direct control over execution.
Dwight Angelini, Longpoint’s co-founder and managing partner, said the firm focuses on functional, well-located industrial assets with diverse tenant bases in places where new supply is difficult to create. The latest purchase follows earlier South Florida investments and continues the firm’s buying activity in the region.
Deal reinforces small-bay investment focus
The $195 million transaction increases Longpoint’s exposure to smaller industrial spaces rather than large, single-tenant logistics facilities. The strategy targets established locations where land constraints, competing uses and development costs can limit the creation of new industrial inventory.
Founded in 2015, Longpoint operates across the United States and Europe and invests in industrial properties in supply-constrained markets. The Miami-Dade acquisition represents a substantial expansion of its South Florida footprint while remaining aligned with the firm’s existing property strategy and local operating capabilities.
Sources
- Longpoint acquires $195m Miami industrial portfolio | News, Institutional Real Estate, Inc..
- Longpoint Pays $195M For Fla. Industrial Portfolio, Law360.
- Longpoint Partners continues Miami buying spree with $195 million industrial deal, CoStar.
- Longpoint Acquires $195M Miami Industrial Portfolio Across 10 Buildings, citybiz.