Blackstone just pulled off a tidy exit in Fort Lauderdale, selling a 65,775-square-foot warehouse for about $17 million, roughly three times what the building went for less than a decade ago. The deal is the latest sign that big-money investors are still willing to chase select industrial properties in Broward County.
According to a June 5, 2026 report in the South Florida Business Journal, the warehouse traded for approximately $17 million after last selling for about $6.1 million in 2017. Real estate editor Brian Bandell framed the flip as part of a broader wave of industrial sales moving through South Florida this year.
The property itself is a single-building warehouse at 3600 NW 54th Street, set on roughly three acres and totaling about 65,775 square feet, per listing data on LoopNet. Aircraft-parts distributor Chromalloy Material Solutions has long been the tenant, having signed on to lease the space in 2015, as first reported by The Real Deal.
Broward Industrial Market Still Has Juice
Market stats suggest Broward County’s industrial sector is settling into a more stable groove after a wave of new construction. CBRE’s Q1 2026 numbers show flat vacancy, a return to positive absorption and asking rents that continue to edge higher, a combo that helps keep investors in the hunt. CBRE also highlights a series of sizable industrial trades this year, while Commercial Observer has pointed to Blackstone’s larger Pompano deal as another signal that capital is still flowing into South Florida warehouses.
What This Deal Could Mean For Other Owners
The sale hints that owners of similar mid-box warehouses may be tempted to float richer asking prices as investors rotate back into industrial and tenant demand firms up. The buyer in this latest trade has not been publicly identified in initial coverage, and the South Florida Business Journal appears to have provided the first public account of the transaction.
