arts
Prologis’ $352.2 million Broward County industrial buy is biggest this year
By The Real Deal
· June 9, 2026
· 1 min read
Prologis has added another South Florida industrial asset to its portfolio, shelling out a record-breaking $352.2 million for the Davie Business Center. The San Francisco-based industrial real estate company acquired seven warehouses from affiliates of Atlanta-based IDI Logistics totaling 1.2 millio
Key takeaway 2 million square feet, the South Florida Business Journal reported.
Why this matters in The Miami
The massive industrial purchase by Prologis in Broward County has significant implications for Miami's neighboring economy. With a large portion of the leased space already occupied by notable tenants such as Boeing, Western Union, and Comcast, this deal suggests a strong demand for industrial space in South Florida. The fact that 97 percent of the warehouses are leased to 25 tenants indicates a thriving industrial sector, which could have a positive ripple effect on the local job market. As Miami continues to grow as a major hub for Latin American and Caribbean communities, its proximity to Broward County's industrial centers will remain crucial for trade and commerce. The sale price of about $300 per square foot also sets a new benchmark for industrial properties in the region, which could influence future development and investment in Miami-Dade County's own industrial areas, such as those in the northern parts of the county.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 9, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Prologis has added another South Florida industrial asset to its portfolio, shelling out a record-breaking $352.2 million for the Davie Business Center. The San Francisco-based industrial real estate company acquired seven warehouses from affiliates of Atlanta-based IDI Logistics totaling 1.2 millio
When was this published? This article was first published on June 9, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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