{"id":301838,"date":"2026-06-09T22:09:53","date_gmt":"2026-06-09T22:09:53","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/301838\/"},"modified":"2026-06-09T22:09:53","modified_gmt":"2026-06-09T22:09:53","slug":"prologis-buys-broward-warehouse-portfolio-for-352-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/301838\/","title":{"rendered":"Prologis Buys Broward Warehouse Portfolio for $352 Million"},"content":{"rendered":"

Prologis has added another South Florida industrial asset to its portfolio, shelling out a record-breaking $352.2 million for the Davie Business Center.\u00a0<\/p>\n

The San Francisco-based industrial real estate company acquired seven warehouses from affiliates of Atlanta-based IDI Logistics totaling 1.2 million square feet, the South Florida Business Journal reported<\/a>. That works out to about $300 per square foot.\u00a0<\/p>\n

The sale included the warehouses at 3300, 3350, 3360, 3370, 3380, 3410 and 3430 Davie Road. Ninety-seven percent of them are leased to 25 tenants. Notable tenants include Boeing, Western Union and Comcast.\u00a0<\/p>\n

CBRE National Partners represented the seller in the deal.<\/p>\n

Prologis vice president and investment officer Alex Vargas Vila said the portfolio significantly expands the company\u2019s South Florida presence.\u00a0\u00a0<\/p>\n

Industrial space in Broward County has become increasingly valuable as the amount of vacant land large enough to develop shrinks. The Davie Business Center was built between 2013 and 2022.\u00a0<\/p>\n

The deal shattered a record for this year\u2019s largest industrial trade, which was set in April by Kurv Industrial\u2019s purchase of the East Pompano Industrial Center in Pompano Beach for $219.7 million, The Real Deal previously reported<\/a>.\u00a0<\/p>\n

Investors are betting on Broward\u2019s industrial market, which shows signs of stabilization, according to CBRE. Vacancy held steady at 5.5 percent in the first quarter, when leasing volume made a 24 percent jump. Rents are increasing, averaging $17.50 in the first quarter.<\/p>\n

In March, Blackstone subsidiary Link Logistics bought<\/a> a warehouse portfolio in Pompano Beach for $163.1 million and another<\/a> portfolio the following month in Boynton Beach for $195.9 million.\u00a0<\/p>\n

Earlier this month, Dalfen Industrial bought a nine-building warehouse portfolio in Fort Lauderdale and Weston for $99.6 million. Also this month<\/a>, Reyes Holdings bought a Deerfield Beach warehouse for $84.1 million, and Woodhill Real Estate bought a 10-building industrial portfolio in Hialeah for $32 million.<\/p>\n

Prologis is the largest industrial property owner in South Florida with 235 properties spanning over 30 million square feet, according to its website.\u00a0<\/p>\n

\u2014 Grace McClung<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Kurv\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Kurv shells out $220M for Pompano Beach portfolio in biggest industrial trade this year<\/p>\n

\t\t\t<\/a>
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\t\t\t\t\t\t\t\t\t\t\t\t\t\"441\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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

\t\t\t<\/a>
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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Blackstone\u2019s\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Prologis has added another South Florida industrial asset to its portfolio, shelling out a record-breaking $352.2 million for…\n","protected":false},"author":2,"featured_media":301839,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[249,251,250,126682],"class_list":["post-301838","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-prologis-broward-warehouse"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/301838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=301838"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/301838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/301839"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=301838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=301838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=301838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}