Blackstone and its subsidiary Link Logistics purchased a warehouse complex in Broward County for $163.1 million, according to a Mar. 30 report by the South Florida Business Journal.
The acquisition signals Blackstone’s renewed interest in South Florida’s industrial market after selling over $1 billion worth of warehouses in the region between 2024 and 2025.
The four warehouses, totaling 623,300 square feet, are located at 2510 West Copans Road and at three addresses on Northwest 25th Avenue in Pompano Beach. The purchase price equates to about $262 per square foot. CBRE represented the seller, Clarion Partners, which originally bought the property for $77.2 million in 2016—about half of its current sale price.
Completed between 2000 and 2002, tenants at these buildings include Lowe’s Home Centers, WorldPac, Stoneline Group and American Flooring Supplies. Blackstone is led by Stephen Schwarzman; Link Logistics is led by Luke Petherbridge; Clarion Partners is headed by David Gilbert.
In recent years, Blackstone sold several large portfolios across Miami-Dade, Broward and Palm Beach counties as part of a broader strategy shift. Notably in 2025, Terreno Realty purchased Blackstone’s Royal Palm Doral portfolio for $130.7 million—the most expensive industrial transaction that year—and other sales involved buyers such as TA Realty, Ares Management and East Capital Partners.
A Colliers fourth-quarter report found that Broward’s industrial vacancy rate rose to 6.8 percent from the previous year’s rate of 5.1 percent while average asking rents slightly decreased to $17.08 per square foot. Only about 506,000 square feet of new warehouse space was under construction during this period—less than half a percent of total inventory—suggesting demand continues to outpace supply.
