Dalfen Industrial has expanded its warehouse holdings with the acquisition of a nine-building industrial portfolio totaling 419,253 square feet in Broward County. The assets, known as the Broward Logistics Portfolio, were purchased from Blackstone and Link Logistics for $99.6 million.
The portfolio was acquired at 55% of estimated replacement cost, indicating pricing at a substantial discount to new construction. At the time of sale, the Broward Logistics Portfolio was 83% leased to nine tenants, providing in-place income along with some remaining lease-up potential.
Tenants in the portfolio include FedEx, Event Service Group Real Estate, Chromalloy Material Solutions, LLC, and Commercial Distribution Specialists, Inc. The buildings range in size from 10,000 square feet to 68,500 square feet, giving the portfolio the ability to accommodate a variety of industrial requirements and user profiles.
The properties are positioned with direct access to Interstate 95 and the Florida Turnpike, giving occupiers convenient highway connectivity. The portfolio is also located near Port Everglades and Fort Lauderdale-Hollywood International Airport, which supports users focused on logistics, distribution, and trade throughout South Florida.
The surrounding trade area includes major operators such as Home Depot and Walmart, further reinforcing the location as an established industrial and distribution hub. The combination of transportation connectivity, proximity to cargo infrastructure, and a roster of recognizable tenants supports the portfolio’s positioning within the regional industrial market.
Following this transaction, Dalfen Industrial now owns and operates 11 million square feet of industrial real estate across the Southeastern United States. The acquisition contributes to the firm’s stated strategy of growing its presence in that region through the addition of logistics-oriented warehouse assets.
