- Longpoint Partners acquired a 10-building Miami-Dade industrial portfolio for $195M, totaling 729,901 SF.
- The portfolio was 90% occupied by 74 tenants, with 231 loading positions and clear heights up to 25 feet.
- The acquisition builds on Longpoint’s $262M purchase of a 1.4M SF South Florida industrial portfolio in 2023.
GlobeSt. reports that Longpoint Partners made a $195M Miami-Dade industrial acquisition involving 10 buildings and 729,901 SF. The portfolio was 90% occupied by 74 tenants at closing. The purchase expands the private equity firm’s existing industrial presence across South Florida.
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The Details
The buildings average about 72,990 SF and offer 231 loading positions. Clear heights reach up to 25 feet, with both rear- and front-loading configurations. The portfolio has a 40% floor area ratio. Longpoint said the assets benefit from Miami’s population growth, access to major transportation infrastructure and proximity to consumer markets. The firm also pointed to limited new supply for well-located infill product. The diverse tenant roster reduces reliance on a single occupier. It also fits the small-bay format Longpoint is targeting in infill locations.
Small-Bay Strategy Expands
Longpoint co-founder Dwight Angelini said the deal fits the firm’s focus on functional small-bay industrial assets in well-located markets. The strategy also favors diversified tenant bases and locations where new supply is hard to create. Longpoint operates offices in Miami and Fort Lauderdale. Longpoint said that local presence, together with its vertically integrated platform, positions the firm to execute the portfolio’s business plan.
Why It Matters
The deal adds scale to a South Florida strategy that was already substantial. In 2023, Longpoint bought a 1.4M SF portfolio for $262M. The assets spanned 12 Miami and Fort Lauderdale locations. That transaction was the largest single industrial deal recorded in Florida that year. The new purchase adds another 729,901 SF. It reinforces the firm’s preference for multi-tenant industrial properties in constrained locations. The two disclosed acquisitions together exceed 2.1M SF of South Florida industrial space. The scale underscores how quickly Longpoint has expanded its local footprint since 2023.
What’s Next
Longpoint said its local presence and vertically integrated platform will support execution of the portfolio’s business plan. The company begins that process with 90% occupancy and 74 tenants. That gives Longpoint a broad operating base from day one. The acquisition also adds another large group of infill assets. Longpoint believes limited new supply can support durable value for institutional investors. Longpoint’s stated strategy is not based on a near-term development program. Instead, it centers on operating existing infill buildings in markets where new supply is difficult to add.
