- Blackstone’s Link Logistics acquired an industrial portfolio in Boynton Beach for $195.9M.
- The deal includes eight warehouse buildings totaling nearly 800 KSF.
- Prologis assembled the portfolio for $58M in 2010, showing significant appreciation.
- South Florida industrial portfolio sales remain robust amid rising demand.
Transaction Details
The Commercial Observer reports that Blackstone, via its Link Logistics arm, continued its industrial buying spree in South Florida by purchasing an eight-building portfolio from Prologis for $195.9M. The warehouses, located in Boynton Beach, span 798,716 SF across various sites, with individual clusters traded for $84.6M, $69.1M, and $42.2M respectively. All assets were built between 2000 and 2005.
Investor Momentum Builds
Prologis originally acquired the portfolio for $58.48M in 2010. The nearly threefold price increase underscores the region’s industrial portfolio appreciation, fueled by e-commerce activity and population growth. The assets’ proximity to I-95 further increases their strategic value.
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Why It Matters
This marks Blackstone’s second major South Florida industrial portfolio purchase in recent weeks, following a $163M Pompano Beach acquisition last month. The steady rise in sale prices for industrial assets highlights ongoing investor confidence in the market’s fundamentals. That momentum aligns with a broader wave of capital targeting niche industrial segments, where investor demand continues to push deal activity higher.
What’s Next
Blackstone’s move comes after it sold over $1B in South Florida industrial assets since late 2024. The firm’s continued activity signals strong institutional interest and expectations for further industrial portfolio growth in the region.
