In 2025, South Florida’s largest industrial sales were led by single-tenant logistics campuses and multi-property portfolios. Institutional investors were particularly active in Miami-Dade and Broward counties, although overall deal volume slowed compared to 2024’s hectic activity.
According to an analysis by The Real Deal using Cushman & Wakefield and Colliers data, the top ten industrial transactions totaled $822 million, down from $1.1 billion the year prior.
Blackstone emerged as the most active seller, divesting more than half of the top 10 assets. Buyers such as Terreno, Ares, and TA Realty focused on infill, last-mile warehouses in Doral, Miramar, Opa-locka, and Hialeah, paying prices that generally ranged from the mid-$200s to the high-$300s per square foot.
1. $130.7M | Terreno Realty | Doral
Terreno Realty, based in San Francisco and led by W. Blake Baird, acquired the Royal Palm Doral industrial portfolio at 6450 and 6550 Northwest 97th Avenue for $130.7 million. This marked the largest warehouse sale in South Florida for the year. The two-building complex totals about 346,000 square feet, translating to around $378 per square foot. Blackstone sold the fully leased property to Terreno in August.
2. $120.5M | Ares Management | Dania Beach and Miramar
In April, Ares Management, led by Michael Arougheti, purchased a three-building portfolio in Miramar and Dania Beach from Blackstone and Link Logistics for $120.5 million. The portfolio covers 457,000 square feet, with a sale price of approximately $263 per square foot. This acquisition gave Ares greater presence in West Broward’s major logistics corridor near key highways. The sale is part of Blackstone’s extensive divestiture of South Florida industrial assets, which has surpassed $1 billion over the last two years.
3. $105.7M | TA Realty | Opa-Locka
Boston-based TA Realty, under the leadership of Jim Buckingham, bought Phase II of the Ironwood Commerce Center for $105.7 million. This development site, located at 12691–12705 Northwest 42nd Avenue in Opa-locka, was the third-largest industrial transaction of 2025. The sale demonstrates continued investor demand for new product near Opa-locka Executive Airport. Sources indicate TA Realty is optimistic about ongoing rent growth in the tight Northwest Miami-Dade logistics submarket. In 2024, Blackstone and Link Logistics had also sold an adjacent industrial park to TA Realty for $160 million.
4. $90.2M | East Capital Partners | Northwest Miami Dade
In the year’s fourth-largest industrial sale, Blackstone sold the Airport Trade Center at 3108–3308 Northwest 72nd Avenue to Dar
