Boston-based private equity real estate firm Longpoint Partners has completed the acquisition of a 10-building industrial portfolio in Miami-Dade County for $195 million. The transaction adds 729,901 square feet of small-bay industrial real estate across roughly 41.8 acres in prime local submarkets.

The acquisition was executed at approximately $267 per square foot. Across the 10 properties, the average building size stands at roughly 72,990 square feet. The site features clear heights between 17 and 25 feet, 231 loading positions, front and rear loading options, and a 40 per cent floor area ratio.

At the time of sale, the portfolio maintained a 90 per cent occupancy rate across 74 tenants. The average unit size for occupiers in the properties is approximately 9,864 square feet.

“Miami has been a core market for Longpoint for years. We have invested across South Florida, built a local team and operating platform, and developed deep relationships throughout the region,” said Dwight Angelini, Co-Founder and Managing Partner of Longpoint. “This acquisition reflects the conviction and discipline that have guided our work here: acquiring functional, well-located small-bay industrial assets with a diverse tenant base in locations where new supply is difficult to create. Our local presence and vertically integrated platform position us to execute the business plan and create durable value for our institutional investors.”

The deal further reinforces Longpoint’s operational base in South Florida, where it maintains regional offices in Miami and Fort Lauderdale. Strong regional population growth, high consumer demand and direct access to critical transport links continue to drive requirements for well-located industrial property throughout the region.