Blackstone and its subsidiary Link Logistics acquired a warehouse complex in Broward County for $163.1 million, according to a March 30 report from the South Florida Business Journal. The purchase comes after Blackstone sold over $1 billion of its South Florida industrial portfolio during the past two years.
The acquisition includes four warehouses totaling 623,300 square feet at addresses on West Copans Road and Northwest 25th Avenue in Pompano Beach. Blackstone and Link paid about $262 per square foot for the properties.
CBRE represented Clarion Partners, the seller of the site. Clarion Partners purchased the complex in 2016 for $77.2 million, meaning it sold the property for double what it paid ten years ago. The buildings were completed between 2000 and 2002 and are currently leased to tenants such as Lowe’s Home Centers, WorldPac, Stoneline Group, and American Flooring Supplies.
This transaction marks Blackstone’s return to acquiring industrial assets in South Florida following significant sales activity between 2024 and 2025 across Miami-Dade, Broward, and Palm Beach counties. Notably, four of last year’s largest industrial deals involved Blackstone as a seller—including Terreno Realty’s $130.7 million purchase of Royal Palm Doral industrial portfolio—as well as transactions with TA Realty, Ares Management, and East Capital Partners.
A recent Colliers report indicated that Broward County’s industrial vacancy rate rose to 6.8 percent from 5.1 percent over the previous year while average asking rents slightly decreased to $17.08 per square foot. Additionally, only about 506,000 square feet of new warehouse space was under construction—less than half a percent of total inventory—suggesting supply is not keeping pace with demand.
