South Florida’s industrial real estate market in 2025 saw a significant presence of institutional investors, with single-tenant logistics campuses and multi-property portfolios leading the largest sales. Despite active trading in Miami-Dade and Broward counties, the overall deal volume declined compared to 2024.
According to an analysis by The Real Deal based on Cushman & Wakefield and Colliers reports, the top ten industrial deals in South Florida totaled $822 million, down from $1.1 billion the previous year. Blackstone emerged as the most active seller, accounting for more than half of the top 10 transactions. Buyers such as Terreno Realty, Ares Management, and TA Realty focused on infill and last-mile 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 sold for approximately $378 per square foot. Blackstone sold this fully leased 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. These properties cover 457,000 square feet and sold for about $263 per square foot. This deal contributed to Blackstone’s broader sell-off of South Florida industrial assets over the past two years.
TA Realty purchased Phase II of Ironwood Commerce Center in Opa-Locka from Blackstone for $105.7 million. The development site is located at 12691–12705 Northwest 42nd Avenue. According to industry sources, “TA Realty 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 acquired Airport Trade Center near Miami International Airport for $90.2 million from Blackstone. The property covers 375,000 square feet at a price of about $241 per square foot.
Longpoint Realty Partners purchased America’s Gateway Park in Doral—a six-building portfolio—for $82.3 million from Terreno Realty in late July. Longpoint has been an active investor in South Florida’s industrial sector; it completed the largest industrial acquisition of 2024 with a $331.2 million portfolio purchase from Blackstone.
MIG Real Estate bought a ten-property portfolio across Davie, Fort Lauderdale, and Sunrise from Longpoint for approximately $69.9 million.
Property Reserve paid Codina Partners $58.9 million for a warehouse at Beacon Logistics Park in Hialeah earlier this year—continuing its expansion within the master-planned complex following another purchase there last year.
Ares Management expanded its holdings with a $56 million acquisition of Meridian at Weston—a property within Weston Park of Commerce known for attracting distribution users—from Cabot Properties.
EQT Exeter acquired a Broward County portfolio previously owned by Elion Partners’ affiliate for $55.35 million along Northwest 31st Avenue in Deerfield Beach.
Finally, Martinez Distributors purchased Countyline East Logistics Center at 16300 Northwest 97th Avenue in Hialeah from East Capital Partner for $52.9 million this August—a move reflecting local companies’ growing interest in acquiring quality distribution space despite institutional pricing pressures.
