{"id":419465,"date":"2026-10-05T19:08:07","date_gmt":"2026-10-05T19:08:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/419465\/"},"modified":"2026-10-05T19:08:07","modified_gmt":"2026-10-05T19:08:07","slug":"blackstone-sells-fort-lauderdale-industrial-campus-for-57m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/419465\/","title":{"rendered":"Blackstone Sells Fort Lauderdale Industrial Campus for $57M \u2013 Commercial Observer"},"content":{"rendered":"

Blackstone<\/a>\u2019s industrial arm has sold an industrial campus in Fort Lauderdale, Fla., for $57 million.<\/p>\n

Industrial investor BKM Capital Partners<\/a> and Boca Raton-based Kayne Anderson Real Estate<\/a> purchased the seven-building property at 2201, 2301 and 2381 Stirling Road, less than a mile west of Interstate 95, near the Dania Pointe retail complex.<\/p>\n

SEE ALSO: U.S. Government Buys SoCal ICE Complex for $950M<\/a><\/p>\n

The 210,000-square-foot campus, completed in 1985 and 1987, houses seven small-bay buildings. It\u2019s 97 percent leased with a 3.9-year weighted average lease term, according to the buyers.\u00a0<\/p>\n

\u201cYou could not build this park today, let alone assemble a site like it along the I-95 corridor,\u201d Brett Turner, partner and managing director of acquisitions and dispositions at BKM, said in a statement. \u201cWhat really made it work for us is the rent roll. The expirations are staggered, and no single lease decides the outcome.\u201d<\/p>\n

Cushman & Wakefield\u2019s Rick Brugge represented the seller, Blackstone affiliate Link Logistics<\/a>. The campus last traded for $17.5 million in 2013, according to property records. It\u2019s unclear when Blackstone purchased the asset.<\/p>\n

The purchase adds to BKM and Kayne\u2019s growing portfolio. On Monday, the JV announced it put down $103 million for a four-property, 543,000-square-foot light industrial portfolio in Central Orlando. That seven-building portfolio is 95 percent leased.\u00a0<\/p>\n

Last month, the joint venture purchased a 61,135-square-foot industrial asset for $14 million, also in Fort Lauderdale. Across the country in Southern California, they dropped<\/a> $1.8 billion to buy an 8.5 million-square-foot portfolio from Link Logistics.\u00a0<\/p>\n

A representative for Link Logistics did not immediately respond to a request for comment.\u00a0<\/p>\n

Julia Echikson can be reached at jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Blackstone\u2019s industrial arm has sold an industrial campus in Fort Lauderdale, Fla., for $57 million. Industrial investor BKM…\n","protected":false},"author":2,"featured_media":419466,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[165742,8001,249,251,250,20157,165743],"class_list":["post-419465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-lauderdale","tag-2381-stirling-road","tag-channel","tag-fort-lauderdale","tag-fort-lauderdale-headlines","tag-fort-lauderdale-news","tag-investments-sales","tag-rick-brugge"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/419465","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=419465"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/419465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/419466"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=419465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=419465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=419465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}