{"id":301734,"date":"2026-06-09T20:35:09","date_gmt":"2026-06-09T20:35:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/301734\/"},"modified":"2026-06-09T20:35:09","modified_gmt":"2026-06-09T20:35:09","slug":"blackstone-sells-broward-warehouses-to-dalfen-for-99m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/301734\/","title":{"rendered":"Blackstone Sells Broward Warehouses to Dalfen for $99M"},"content":{"rendered":"

New York investment titan Blackstone unloaded a nine-building Broward County warehouse portfolio for $99.6 million, the latest in its series of South Florida industrial deals.\u00a0<\/p>\n

Along with its subsidiary, Link Logistics, the investment firm sold a combined 419,300 square feet of industrial space to affiliated entities of Dallas-based Dalfen Industrial, according to property records.<\/p>\n

An affiliate of Blackstone sold the 65,800-square-foot warehouse at 3600 NW 54th Street in Fort Lauderdale for $17.2 million, which was $260 per square foot. The sale was a major jump from Blackstone\u2019s purchase price of $6.1 million in 2017.\u00a0<\/p>\n

That same affiliate sold another Fort Lauderdale warehouse at 5535 to 5545 NW 35th Avenue for $16.1 million. The warehouse was 63,700 square feet, breaking down to $250 per square foot. It was previously sold in a portfolio with a warehouse at 5400 NW 35th Street in Fort Lauderdale for $12.1 million in 2017.<\/p>\n

Dalfen Industrial picked up that 68,600-square-foot building for $13.8 million, or $200 per square foot, in the latest sale.\u00a0<\/p>\n

A different Blackstone affiliate sold another two Fort Lauderdale warehouses, one at 3585 NW 54th Street for $6.7 million and another at 5330 NW 35th Avenue for $3 million. Those buildings were 24,800 square feet and 10,300 square feet, respectively. Blackstone affiliates bought them in 2019.\u00a0<\/p>\n

The sixth property was a 34,950-square-foot building at 3260 Meridian Parkway in Weston, Florida. It sold for $8.3 million, or $240 per square foot.\u00a0<\/p>\n

The final properties in the Broward Logistics Portfolio included 6277 Northwest 28 Way, selling for $10.5 million, 6250 Northwest 27th way, which sold for $7.8 million, and 10501 Commerce Parkway for $16.2 million.\u00a0<\/p>\n

The portfolio is currently 83 percent leased to nine tenants, according to a Dalfen Industrial press release. They include FedEx, Event Service Group Realestate, LLC, Chromalloy Material Solutions, LLC, and Commercial Distribution Specialists, Inc.\u00a0<\/p>\n

Dalfen Industrial acquired the portfolio at 55 percent replacement cost with a $55.5 million mortgage from TIAA that covered the deal\u2019s properties, as well as several others, South Florida Business Journal reported<\/a>.\u00a0<\/p>\n

Neither Dalfen Industrial nor Link Logistics responded to requests for comment.\u00a0<\/p>\n

The deal comes as South Florida\u2019s industrial market settles into a more balanced period after years of rapid growth, The Real Deal previously reported<\/a>. In Broward County, net absorption fell to 1.1 million square feet over the past year, while vacancy rose to 6.8%, according to a first quarter market report<\/a>. Even so, sales activity was above long-term historical averages, signaling continued investor interest.<\/p>\n

\u201cSouth Florida remains one of the country\u2019s strongest industrial regions, supported by population growth, port activity and long-term e-commerce demand drivers,\u201d Regional Senior Vice President for Dalfen Industrial\u2019s South east region said in the press release.\u00a0<\/p>\n

The acquisition of the Broward Logistics Portfolio bumped the firm\u2019s industrial real estate in the Southeast up to 11 million square feet.\u00a0<\/p>\n

The deal also added to Blackstone and Link Logistics\u2019 string of industrial dispositions, which surpassed<\/a> $1 billion in 2024, including the sale of a 43.7-acre development site in Opa-Locka to TA Realty for $106.7 million.\u00a0<\/p>\n

Link Logistics has also been a busy buyer. In March, the firm bought<\/a> a warehouse portfolio in Pompano Beach for $163.1 million. A month later, it picked up<\/a> an eight-building portfolio in Boynton Beach for $195.9 million.\u00a0<\/p>\n

Those acquisitions are small drops in Link Logistics\u2019 sea of industrial real estate, which includes 3,000 warehouses and distribution facilities across over 40 markets nationwide, according to its website.<\/p>\n

Dalfen Industrial specializes in last mile properties in the country\u2019s top markets. It has more than 50 million square feet of properties across the U.S. and Canada worth roughly $5 billion, its website said.\u00a0<\/p>\n

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South Florida\u2019s top warehouse deals reach over $100M this week\u00a0<\/p>\n

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Blackstone adds to industrial haul with $196M Boynton Beach deal<\/p>\n

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Blackstone\u2019s South Florida industrial sell-off hits $1B<\/p>\n

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