Boston-based Longpoint Partners has paid $195 million for a 10-building industrial portfolio in Miami-Dade County, adding roughly 730,000 square feet of small-bay warehouse space to a regional footprint the firm has been building aggressively for years. The buildings sit across about 42 acres, average 73,000 square feet each, and were already 90 percent leased at the time of sale, spread among 74 tenants who average close to 10,000 square feet apiece.
The deal, first reported by The Real Deal, works out to roughly $267 per square foot. A Longpoint spokesperson declined to provide additional details, and the seller and specific property addresses were not disclosed.
Longpoint Co-Founder and Managing Partner Dwight Angelini said the firm's South Florida strategy centers on acquiring functional small-bay assets in infill locations where building new industrial supply is exceptionally difficult, according to a company release. The buildings offer clear ceiling heights ranging from 17 to 25 feet, 231 total loading positions with both front and rear configurations, and a 40 percent floor area ratio, physical traits that make them versatile for last-mile logistics and light industrial tenants alike.
A Buying Spree That Keeps Accelerating
This is far from Longpoint's first Miami-Dade move this year. The firm purchased a 90,000-square-foot warehouse in Miami for $24.6 million, and also closed on a 146,700-square-foot, four-building portfolio in Medley for $38.8 million — a deal Hoodline covered in Boston Buyer Snaps Up $39M Medley Cluster. That Medley portfolio came from Ruben and Martha Artiles, whose family trust had held the 5.2-acre properties for years, a pattern of legacy family owners exiting to institutional buyers that has repeated across the county this year.
Longpoint also bought a three-building, fully leased industrial complex in Doral for $31.5 million in August 2025, and in November 2024 it picked up a 26-building, 1.4 million-square-foot portfolio from Blackstone for $331.3 million — a deal that pushed its regional holdings to 4.7 million square feet across Miami-Dade, Broward and Palm Beach counties, according to the Commercial Observer. Longpoint also secured an acquisition loan for that purchase.
Leasing Velocity Backs Up the Bet
Longpoint isn't just buying — it's leasing fast. In August, the firm signed a 10-year triple-net lease at $15 per square foot with tenant Coulda Beenyou for a 50,018-square-foot building at 12800 NW 38th Avenue in Opa-locka, less than a year after acquiring that property, according to CRE-Sources. Longpoint's website states that the firm has $6 billion or more in assets and has completed more than 180 acquisitions.
Elsewhere in the region, the leasing momentum is broad. Powerhouse Engines signed a 10-year lease for 90,000 square feet at Tamiami Logistics Center in August, expanding the company's headquarters to nearly four times its current space, while Cushman & Wakefield represented the landlord on that deal, per The Real Deal. Easton Group's Jake Weiss also represented Betty Dain Creations in its renewal of a 125,000-square-foot lease at 9701 NW 112th Avenue in Medley, the same outlet reported.
Why Miami-Dade Warehouses Keep Commanding Premiums
Existing small-bay warehouse space in Miami-Dade remains a focus for industrial investors. Countywide industrial vacancy stood at 7.1 percent in the second quarter, according to CBRE data cited by Hoodline, while net absorption rebounded to 782,677 square feet after three straight quarters of negative absorption.
Miami-Dade tenants leased 3 million square feet in the second quarter and 7.4 million square feet year to date, per The Real Deal's citation of Colliers figures, while asking rents climbed to $17 per square foot, up 1 percent from the prior quarter and 1.5 percent year-over-year. Separately, the Miami-Dade industrial market recorded 783,000 square feet of net absorption, according to Colliers. Regionally, Avison Young found that South Florida industrial sales jumped 130.5 percent year-over-year, with the sector standing as the strongest commercial real estate asset class in South Florida for first-half sales, totaling $3.3 billion in deals and 193 closed transactions, The Real Deal reported.
Part of a Broader Institutional Land Grab
Longpoint's $195 million purchase lands amid continued institutional interest in South Florida industrial real estate. Hoodline previously detailed the broader trend in Midtown Capital's near-record $86M Doral buy and in Warehouse Gold Rush, both of which cite Longpoint's Medley deal as part of the same market pattern.
The new federal tax law known as the One Big Beautiful Bill Act restored accelerated depreciation, which allows owner-users to deduct equipment and certain building component costs from taxable income more quickly, per The Real Deal's reporting. For institutional buyers like Longpoint investing in Miami-Dade's small-bay warehouse market, that tax treatment adds one more incentive to keep writing checks.
