Longpoint Realty Expands Its Footprint in South Florida with Major Acquisition
Miami, Florida — Longpoint Realty Partners, a Boston-based firm, has made a significant move in the South Florida industrial property market by acquiring a portfolio of 26 industrial facilities for a total of $331.3 million. This transaction, concluded with affiliates of Link Logistics, represents the largest industrial deal of the year.
Who
The acquisition was executed by Longpoint Realty Partners, led by Dwight Angellini. The properties were previously owned by Link Logistics, the industrial arm of Blackstone, which is one of the largest investment firms globally, managed by CEO Steven Schwarzman.
What
Longpoint acquired a total of 10 industrial sites comprising 26 buildings, located in several key areas, including Coconut Creek, Dania Beach, Delray Beach, Hollywood, Miami Gardens, and Miami Lakes. The buildings cover an area of approximately 1.4 million square feet and are 97 percent leased, highlighting their attractiveness to tenants. The properties were developed between 1964 and 2003 and were sold in transactions ranging from $7.5 million to a high of $86.3 million.
Where
The properties are spread across three counties: Miami-Dade, Broward, and Palm Beach, which are all in South Florida. This region has seen a surge in demand for industrial space, making it a prime target for real estate investment.
When
The acquisition of the Blackstone warehouse portfolio was reported recently, solidifying Longpoint’s strategy of expanding its holdings in South Florida. Notably, this transaction follows Longpoint’s earlier activity in the market, which included acquiring additional warehouses and facilities throughout 2023.
Why
Longpoint’s aggressive investment strategy aims to position the firm as the largest landlord in the commercial submarket of South Florida. The firm is partially financing the acquisition with a $180 million mortgage from PGIM Real Estate, indicating the confidence in the potential profitability of these properties.
In addition to this latest purchase, Longpoint has made several other strategic investments in the region. Earlier this year, the firm bought three warehouses in Medley for $27.2 million and six facilities near Medley for $30 million. In another major deal, Longpoint acquired a portfolio of 25 warehouses from Seagis for a total of $262 million. Furthermore, Longpoint has diversified its holdings by purchasing a shopping center, Palm Aire Marketplace, which was anchored by Presidente Supermarket and dd’s Discount stores for $33.1 million.
The ongoing investment in industrial properties reflects the wider trend of growing demand for warehouse and distribution spaces in South Florida, driven by e-commerce and logistics operations. As a result, Longpoint Realty Partners is positioning itself to benefit from the expanding market in the region, aiming for sustained growth and increased market share.
Author: STAFF HERE ORLANDO WRITER
ORLANDO STAFF WRITER The ORLANDO STAFF WRITER represents the experienced team at HEREOrlando.com, your go-to source for actionable local news and information in Orlando, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Orlando International Fringe Theatre Festival, Megacon Orlando, and Central Florida Fair. Our coverage extends to key organizations like the Orlando Economic Partnership and Hispanic Chamber of Commerce Metro Orlando, plus leading businesses in leisure and hospitality that power the local economy such as Walt Disney World Resort, AdventHealth, and Universal Orlando. As part of the broader HERE network, including HEREJacksonville.com, HEREPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
