Blackstone Sold Fort Lauderdale Industrial Campus
The seven-building site on Stirling Road fetched 57 million dollars in a recent transaction.
Updated on Oct. 5, 2026 in Commercial
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Blackstone has sold a 210,000-square-foot industrial campus in Fort Lauderdale for $57 million. The property was purchased by a joint venture between BKM Capital Partners and Kayne Anderson Real Estate.
Why it matters
The sale highlights significant price appreciation for industrial assets in the region, as the campus last traded for $17.5 million in 2013. The facility maintains a strong occupancy rate of 97 percent.
The campus spans 210,000 square feet across seven buildings completed in 1985 and 1987. The site is currently 97 percent leased.
The players
Blackstone
Blackstone is a global alternative asset management firm that focuses on real estate, private equity, and credit investments.
BKM Capital Partners
BKM Capital Partners is an institutional investment manager focused on multi-tenant light industrial real estate.
Kayne Anderson Real Estate
Kayne Anderson Real Estate is a real estate private equity firm based in Boca Raton that invests in niche sectors.
Cushman & Wakefield
Cushman & Wakefield is a global commercial real estate services firm that provides advisory and brokerage services.
The details
Located at 2201, 2301 and 2381 Stirling Road, the industrial site was represented in the sale by Cushman & Wakefield. The property serves as a logistics hub due to its proximity to the Stirling Road corridor.
Timeline
The campus buildings were completed in 1985 and 1987.
The property previously traded for $17.5 million in 2013.
The buyer JV purchased a separate Fort Lauderdale asset in September 2026.
The JV acquired an Orlando portfolio on September 28, 2026.
The article was published on October 5, 2026.
Culture Shift
This acquisition follows a broader institutional trend toward consolidating multi-tenant industrial assets to capture logistics demand. The deal aligns with the buyer's recent aggressive expansion across Florida and Southern California markets.
The transition to new ownership could influence future lease rates and property management standards for businesses currently occupying the Stirling Road campus. Tenants should anticipate potential updates to management policies under the new partnership.
The takeaway
Industrial properties near major transport corridors continue to see significant valuation growth as logistics demand remains high. Investors often leverage these secondary market acquisitions to scale their operational footprint rapidly.
Further reading
For more on local market activity, explore the Commercial section.
Source note: This article includes information reported by Commercial Observer.
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