Industrial heavyweight Prologis has shelled out roughly $352 million for the Davie Business Center, a seven-building industrial park in Davie, tightening its grip on Broward County’s logistics game. The campus sits just off I-595, giving tenants quick runs to Port Everglades and the region’s interstate web.
According to the South Florida Business Journal, Prologis picked up the multi-building campus for about $352 million in a deal that includes seven modern warehouse buildings marketed as last-mile logistics space. The publication identified Prologis as the buyer, confirmed the headline price and noted the park’s positioning as institutional-grade industrial in central Broward.
What Prologis Bought
Commercial marketing materials show the park spans nearly 70 acres and is stacked with Class A space. One example, Building G, is listed at roughly 114,774 square feet with 32-foot clear heights, ESFR sprinklers and dozens of dock doors. The listing leans hard on the park’s direct access to I-595 and connections to I-95, I-75 and Florida’s Turnpike, a clear logistical edge for distribution tenants, per LoopNet.
Where This Fits In The Market
Colliers’ Q4 2025 Broward industrial report pegged countywide vacancy at around 6.8% after several quarters of negative absorption, a shift that reflected a wave of new projects finally hitting the market and briefly taking some pressure off tight conditions, according to Colliers. Even with that blip, local deal coverage this spring shows institutional buyers still lining up for multi-building industrial portfolios in South Florida, including Blackstone's $196 million spree, underscoring that well-located, modern product is still where big capital wants to park its money.
What To Expect
For Prologis, the Davie buy fits neatly into a long-running strategy of doubling down on port-proximate, high-demand logistics hubs and recycling capital into stabilized, income-producing assets, as outlined in company materials and recent announcements from Prologis. On the ground, brokers typically read Prologis ownership as a signal of a long-term hold mindset and steady asset management for tenants, even while rents and availability remain closely tied to the pace of new construction and fresh leasing.
The roughly $352 million Davie Business Center purchase is one more data point that South Florida’s logistics map is still being redrawn as institutional investors fine-tune where to place their largest bets. For full deal specifics and the finer-grain property marketing details, check the reporting by the South Florida Business Journal and the Davie Business Center listing on LoopNet.
