Blackstone's industrial arm has sold a seven-building industrial campus in Fort Lauderdale, Florida, for $57 million, marking a notable transaction in the small-bay light industrial segment. The buyers, industrial investor BKM Capital Partners and Boca Raton-based Kayne Anderson Real Estate, acquired the property at 2201, 2301 and 2381 Stirling Road, less than a mile west of Interstate 95 and near the Dania Pointe retail complex. The deal matters because it shows continued investor appetite for infill industrial assets with staggered lease expirations, even as the broader commercial real estate market faces scrutiny over pricing and financing conditions.
The campus totals 210,000 square feet across seven small-bay buildings completed in 1985 and 1987. It is 97 percent leased with a 3.9-year weighted average lease term, according to the buyers. Brett Turner, partner and managing director of acquisitions and dispositions at BKM, said in a statement: "You could not build this park today, let alone assemble a site like it along the I-95 corridor. What really made it work for us is the rent roll. The expirations are staggered, and no single lease decides the outcome." Cushman & Wakefield's Rick Brugge represented the seller, Blackstone affiliate Link Logistics. The campus last traded for $17.5 million in 2013, according to property records, though it is unclear when Blackstone purchased the asset.
The evidence comes from a single Commercial Observer report published on October 5, 2026. The source is a tier-one secondary outlet, and the article includes direct quotes from the buyer and identifies the broker and seller. However, the dossier does not include corroborating documents such as deed records, buyer or seller filings, or independent valuation data. The prior sale price of $17.5 million is attributed to property records, but the source does not specify the exact record or provide a link to it. A representative for Link Logistics declined to comment, leaving the seller's perspective and the timing of Blackstone's ownership unconfirmed in the available material.
The transaction fits a pattern of portfolio expansion by the BKM and Kayne Anderson joint venture. On Monday, the JV announced it put down $103 million for a four-property, 543,000-square-foot light industrial portfolio in Central Orlando that is 95 percent leased. Last month, the joint venture purchased a 61,135-square-foot industrial asset for $14 million, also in Fort Lauderdale. Across the country in Southern California, they dropped $1.8 billion to buy an 8.5 million-square-foot portfolio from Link Logistics. These deals suggest a deliberate strategy of acquiring small-bay and light industrial properties in supply-constrained markets, with the Fort Lauderdale campus offering a rare infill location along the I-95 corridor.
Several limitations temper the analysis. The source does not disclose the capitalization rate, per-square-foot price, or financing terms for the $57 million sale. It also does not state when Blackstone acquired the asset or how much capital was invested in improvements. The 3.9-year weighted average lease term is relatively short, which could create near-term rollover risk, but the staggered expirations cited by Turner are presented as a mitigating factor. What to watch is whether the buyers can maintain occupancy and push rents at renewal, and whether Blackstone continues to sell other Link Logistics assets to the same joint venture or to other buyers in the current interest rate environment.