Blackstone's industrial arm is still cashing in on its South Florida assets. Link Logistics sold the Lakeview Center industrial and business park in Fort Lauderdale for $57M to BKM Capital Partners and Kayne Anderson Real Estate. The deal matters because it extends a pattern of disposition activity by one of the largest industrial landlords in the country, and it reinforces the continued appetite of well-capitalized buyers for multitenant industrial product in South Florida even as broader transaction volume faces scrutiny.
The property, located at 2201 to 2385 Stirling Road, spans 210,000 square feet across seven buildings and 18 units and is 97% occupied. BKM and Kayne are rebranding the park to Stirling Landing. Cushman & Wakefield's Rick Brugge represented the seller. The transaction is not the first between the three companies: BKM and Kayne paid Link $1.8B in June for 51 multitenant properties across California, Georgia, Texas and Washington, indicating an established buyer-seller relationship and a shared focus on smaller-bay industrial assets.
The Fort Lauderdale sale follows a summer selling spree by Link. In June, Link sold a nine-property portfolio in Broward to Dalfen Industrial for $95M. In July, it sold a 38-building portfolio in Austin, central Florida, Charlotte, Dallas and Phoenix to Atlanta-based Stonemont and Los Angeles-based PCCP. Also in July, Link sold a 383,000-square-foot warehouse in Deerfield Beach to J.P. Morgan Asset Management for $65M and a 17,000-square-foot warehouse in Massachusetts to Stockbridge Capital Group for $45M. The source, a Bisnow deal sheet, reports these figures without additional detail on pricing per square foot or capitalization rates, so the financial performance of the individual sales cannot be independently assessed from the available evidence.
The broader South Florida deal sheet context shows continued capital deployment across property types. Publix Super Markets continued its real estate buying streak, picking up a Miami shopping center for $83.2M from Maryland-based First Washington Realty, according to property records provided by Vizzda. An entity tracing to NAI Merin Hunter Codman sold a 98,000-square-foot office in Sunrise to an affiliate of Massachusetts-based Brookwood Financial Partners for $20.5M. On the financing side, JSB Capital landed a $238M bridge loan from Torchlight Investors for a Doral multifamily project, and BridgeInvest provided $28M in acquisition and construction financing for a mixed-use project at Miami Worldcenter. These transactions suggest that despite higher interest rates, lenders and buyers remain active in South Florida commercial real estate, though the source does not provide aggregate volume or pricing trend data.
The evidence is limited to a single full-text source, so the analysis must remain cautious. The dossier does not include buyer or seller statements, debt assumptions, or forward guidance from Blackstone or Link Logistics. It is also unclear whether the $57M sale price represents a gain or loss relative to Link's basis, or how the sale fits into Blackstone's broader fund-level strategy. What to watch is whether Link continues to sell South Florida assets into year-end, whether BKM and Kayne expand their rebranding strategy beyond Stirling Landing, and whether the pace of industrial dispositions accelerates or slows as capital markets conditions evolve.