Key Takeaways
- • Longpoint Partners, a Boston-based real estate private equity firm, acquired a 10-building industrial portfolio in Miami-Dade County for $195 million, representing $267 per square foot across 730,000 square feet of small-bay warehouse space.
- • The portfolio comprises 42 acres across multiple Miami-Dade industrial submarkets with 10 buildings averaging 73,000 square feet each, 90 percent leased at acquisition to 74 tenants with average lease sizes near 10,000 square feet.
- • The acquisition was completed using Longpoint Fund III, the firm's value-add strategy vehicle, marking another significant deployment in South Florida's industrial sector following recent deals worth $38.8 million, $24.6 million, and $31.5 million.
- • South Florida's industrial sector generated 193 deals totaling $3.3 billion in the first half of 2026—a 130.5 percent jump year-over-year—with Miami-Dade leasing activity reaching 7.4 million square feet year-to-date and asking rents at $17 per square foot.
- • The transaction underscores sustained institutional capital deployment in Miami-area industrial real estate, where Longpoint has established itself as a prolific buyer and seller of warehouse properties over multiple market cycles.
Summary
Longpoint Partners, a prominent Boston-based real estate private equity firm, completed the acquisition of a 10-building industrial portfolio in Miami-Dade County for $195 million, substantially deepening its operational footprint in South Florida's warehouse sector. The transaction encompassed 730,000 square feet of small-bay warehouse space at $267 per square foot, spanning 42 acres across multiple Miami-Dade industrial submarkets with individual buildings averaging 73,000 square feet.
At the time of acquisition, the portfolio demonstrated strong operational metrics with 90 percent occupancy across 74 tenants, whose lease sizes averaged approximately 10,000 square feet each. The firm deployed capital through Longpoint Fund III, its value-add investment strategy focused on operational improvement and capital appreciation. The seller details and specific property addresses were not disclosed by Longpoint Partners.
This acquisition represents the latest in a series of aggressive industrial acquisitions by Longpoint in Miami-Dade. Recent transactions include a $38.8 million purchase of a 146,700-square-foot four-building portfolio in Medley, a $24.6 million acquisition of a 90,000-square-foot warehouse facility in Miami, and a $31.5 million off-market purchase of a fully leased three-building industrial complex in Doral. These consecutive deployments position Longpoint as one of Miami-Dade's most active industrial property investors.
The transaction timing reflects robust market conditions in South Florida's industrial sector. According to Avison Young, the first half of 2026 saw 193 industrial deals close for a combined $3.3 billion, representing a 130.5 percent increase year-over-year. Colliers data indicates that Miami-Dade leasing activity reached 7.4 million square feet year-to-date, with second-quarter activity alone totaling 3 million square feet. Net absorption reversed three consecutive quarters of negative trends, reaching 783,000 square feet, while asking rents climbed to $17 per square foot—up 1.5 percent year-over-year.
At the time of acquisition, the portfolio demonstrated strong operational metrics with 90 percent occupancy across 74 tenants, whose lease sizes averaged approximately 10,000 square feet each. The firm deployed capital through Longpoint Fund III, its value-add investment strategy focused on operational improvement and capital appreciation. The seller details and specific property addresses were not disclosed by Longpoint Partners.
This acquisition represents the latest in a series of aggressive industrial acquisitions by Longpoint in Miami-Dade. Recent transactions include a $38.8 million purchase of a 146,700-square-foot four-building portfolio in Medley, a $24.6 million acquisition of a 90,000-square-foot warehouse facility in Miami, and a $31.5 million off-market purchase of a fully leased three-building industrial complex in Doral. These consecutive deployments position Longpoint as one of Miami-Dade's most active industrial property investors.
The transaction timing reflects robust market conditions in South Florida's industrial sector. According to Avison Young, the first half of 2026 saw 193 industrial deals close for a combined $3.3 billion, representing a 130.5 percent increase year-over-year. Colliers data indicates that Miami-Dade leasing activity reached 7.4 million square feet year-to-date, with second-quarter activity alone totaling 3 million square feet. Net absorption reversed three consecutive quarters of negative trends, reaching 783,000 square feet, while asking rents climbed to $17 per square foot—up 1.5 percent year-over-year.
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