L
ongpoint Realty Partners has made its largest industrial deal of the year, acquiring a Blackstone warehouse portfolio in South Florida for $331.3 million. The purchase includes 26 properties across Miami-Dade, Broward, and Palm Beach counties, acquired from Link Logistics affiliates. Longpoint is financing part of the acquisition with an $180 million mortgage from PGIM Real Estate.

    The properties, totaling 1.4 million square feet, were built between 1964 and 2003 and are 97% leased. Longpoint has been aggressively expanding its South Florida portfolio, adding several industrial sites in recent months. In September, the firm acquired three warehouses in Medley for $27.2 million, while in January it bought six facilities in Doral and near Medley for $30 million.

    This deal marks a significant milestone in Longpoint's buying spree, which has positioned the company as the largest landlord in South Florida's commercial submarket. The acquisition also highlights Blackstone's continued divestment of its industrial assets, with CEO Steven Schwarzman leading the firm.