Blackstone just wrote a big check in South Florida, snapping up seven industrial buildings from Prologis for about $196 million in a deal reported April 26. The portfolio is anchored by warehouses in Boynton Beach’s Gateway Center industrial park and extends a steady streak of institutional buying in the region. For local tenants and brokers, the trade is one more sign that demand for well-located logistics space is sticking around, even as new supply reshapes certain submarkets.
The Deal and the Properties
According to the South Florida Business Journal, Blackstone paid roughly $196 million to acquire seven industrial buildings from Prologis. The package is centered on Prologis’ Gateway Center in Boynton Beach and includes a mix of mid-box and last-mile warehouse space. Listing materials from Prologis describe multiple Class A industrial buildings at the park.
Why South Florida Still Draws Buyers
Even with a construction boom nudging vacancies higher in certain pockets, institutional appetite has not exactly cooled. A Q4 2025 Broward County industrial report from Colliers found vacancy rising to about 6.8% after several quarters of negative absorption. At the same time, small-bay last-mile space remains tight. That split, with softer big-box absorption but scarce last-mile inventory, helps explain why buyers still chase well-located mid-box product near I-95 and the region’s ports.
Background on the Buyers
Both Blackstone and Prologis are long-time heavyweights in South Florida’s warehouse scene and have shuffled significant portfolios in recent cycles. In 2023 Prologis detailed a major portfolio transaction with Blackstone that reworked ownership of millions of square feet nationwide, according to the company’s own announcement. Regional coverage has also flagged more recent Blackstone-linked acquisitions nearby, including a March warehouse campus purchase in Broward County. Prologis and The Real Deal have both tracked those moves.
What Happens Next
Deed records and county filings are expected to spell out the formal transfers in the coming weeks, followed by any leasing moves or tenant announcements under Blackstone’s watch. Brokers and occupiers will be watching to see whether the new owner sits tight for steady income or tweaks the assets to push rents higher. Hoodline will update this story as filings or company statements surface.
