South Florida’s industrial real estate market in 2025 saw a shift as institutional investors traded single-tenant logistics campuses and multi-property portfolios, with deal volume falling from the previous year. According to an analysis by The Real Deal based on Cushman & Wakefield and Colliers reports, the top ten industrial transactions totaled $822 million, down from $1.1 billion in 2024.
Blackstone was the most active seller in these deals, accounting for more than half of the top 10 assets sold. Buyers such as Terreno Realty, Ares Management, and TA Realty focused on acquiring infill warehouses in locations including Doral, Miramar, Opa-locka, and Hialeah. Prices generally ranged from the mid-$200s to high-$300s per square foot.
The largest transaction was Terreno Realty’s purchase of the Royal Palm Doral industrial portfolio for $130.7 million. The two-building complex at 6450 and 6550 Northwest 97th Avenue spans about 346,000 square feet and was fully leased at the time of sale. Blackstone sold this asset to Terreno in August.
Ares Management acquired a three-building portfolio in Miramar and Dania Beach from Blackstone and Link Logistics for $120.5 million in April. The properties cover 457,000 square feet and are located near major highways in west Broward’s logistics corridor. This sale is part of Blackstone’s broader South Florida sell-off that has exceeded one billion dollars over two years.
TA Realty purchased Phase II of Ironwood Commerce Center at 12691–12705 Northwest 42nd Avenue in Opa-locka for $105.7 million from Blackstone. “Industry sources said TA Realty, led by Jim Buckingham, is betting on continued rent growth in Northwest Miami-Dade’s tight logistics submarket.” Last year, TA Realty also bought an adjacent park from Blackstone and Link Logistics for $160 million.
East Capital Partners bought Airport Trade Center at 3108–3308 Northwest 72nd Avenue for $90.2 million from Blackstone. The acquisition gives East Capital a significant presence near Miami International Airport during a period when infill sites are limited.
Longpoint Realty Partners acquired America’s Gateway Park—a six-building portfolio in Doral—for $82.3 million from Terreno Realty late July. Longpoint has been among the most active institutional investors; last year it made the largest industrial purchase with its $331.2 million acquisition of a South Florida portfolio from Blackstone.
MIG Real Estate purchased a ten-property industrial portfolio across Davie, Fort Lauderdale, and Sunrise for about $69.9 million from Longpoint Realty Partners.
Property Reserve paid $58.9 million for a warehouse at Beacon Logistics Park in Hialeah—extending its holdings within this master-planned complex that is expected to exceed one million square feet once completed.
Ares Management expanded further with its $56 million purchase of Meridian at Weston—a property within Weston Park of Commerce known for attracting distribution users—from Cabot Properties.
EQT Exeter spent $55.35 million on a Broward County portfolio previously owned by Elion Partners’ affiliate; these buildings increase EQT Exeter’s footprint along North Broward’s low-vacancy logistics corridor.
Finally, Martinez Distributors acquired Countyline East Logistics Center at 16300 Northwest 97th Avenue in Hialeah for $52.9 million from East Capital Partner—demonstrating local companies’ willingness to buy high-quality distribution space even amid institutional pricing pressures.
