Boston-based Longpoint Partners has quietly scooped up a four-building industrial portfolio in Medley, paying about $38.8 million for a fully leased cluster that the Artiles family had held onto for years. The off-market deal shifts two warehouses on Northwest 84th Avenue and two on Northwest 70th Street into Longpoint’s growing South Florida lineup.
Deal details
According to The Real Deal, Ruben and Martha Artiles, through the Ruben and Neida Artiles Irrevocable Trust, sold the buildings at 7200–7208 Northwest 84th Avenue and 8203–8251 Northwest 70th Street for $38.8 million. That works out to about $264 per square foot for the 146,700-square-foot portfolio.
The Northwest 84th Avenue complex is leased to Sand Point Logistics, ZIX Corporation and Kiomex. Over on Northwest 70th Street, the buildings are occupied by Vencol and Baes Nutrition Labs. Jose Sasson-Lerner and Roberto Susi of Axiom Capital Advisors represented Longpoint in the transaction, while Ralph Merritt of Commercial Property Group represented the seller.
Market context
According to CBRE's Q2 Miami industrial figures, Miami-Dade vacancy nudged up to 7.1 percent even as average asking rent climbed to $17.22 per square foot, triple-net. That mix of higher vacancies and rising rents, driven in part by fresh speculative supply at the large-box end of the market, has been steering investors toward well-located, income-producing small-bay product like the Medley warehouses.
Buyer profile and footprint
The Real Deal reports that Longpoint is led by co-founders Dwight Angelini, Nilesh Bubna, Reid Parker and Robert Provost III and has been active in South Florida this year. Longpoint's own website lists more than $5 billion in assets under management as of 2025, a scale that helps explain how the firm can jump on off-market opportunities so quickly: Longpoint.
Why this sale matters
The sale highlights ongoing investor appetite for smaller, fully leased industrial assets that can deliver stable cash flow even as big-box leasing cools. For Medley landlords and tenants, it brings in an owner with a track record of consolidating infill warehouse properties, which can translate into steadier management and targeted capital improvements, along with a sharper eye on upcoming lease rollovers.
Brokers said the transaction was off-market and followed years of unsolicited offers, a reminder that long-held family portfolios are still very much on investors' radar in South Florida's active industrial scene. Tenants are expected to stay put while Longpoint settles into ownership.
