Prologis Sold Three South Florida Warehouses For $53 Million: Mistakes to Avoid

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAzMjAy”,”databaseId”:1003202,”title”:”Prologis sells fully leased industrial assets for $53M in softening market”,”status”:”publish”,”slug”:”prologis-sold-three-south-florida-warehouses-for-53-million”,”uri”:”/miami/2025/12/01/prologis-sold-three-south-florida-warehouses-for-53-million/”,”link”:”https://therealdeal.com/miami/2025/12/01/prologis-sold-three-south-florida-warehouses-for-53-million/”,”dateGmt”:”2025-12-01T20:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003ePrologis lightened its South Florida industrial portfolio after selling three u003ca href=”/miami/2025/07/07/longpoint-sells-broward-warehouses-for-70m/”u003eBroward Countyu003c/au003e warehouses for $53.1 million.u003c/pu003enu003cpu003eAn affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic, acquired the industrial complex at 2501 to 2555 Davie Road in Davie from San Francisco-based u003ca href=”/san-francisco/2025/08/29/richmond-prologis-share-differing-plans-for-hilltop-mall/”u003ePrologisu003c/au003e, led by CEO Hamid Moghadam, records show.u0026nbsp;u003c/pu003enu003cpu003eThe buyer partially financed the purchase with a $37 million loan from TD Bank. The deal breaks down to $267 per square foot.u0026nbsp;u003c/pu003enu003cpu003eDavie-based Arnet paid $37.2 million above the previous sale price 11 years ago. Arnet occupies half of the fully leased complex, known as Westport Business Park, under a lease agreement that expires in 2035, according to an online listing.u0026nbsp;u003c/pu003enu003cpu003eu003ca href=”/national/atlanta/2025/05/27/prologis-to-buy-development-site-for-17-million-data-center/”u003ePrologisu003c/au003e paid $15.9 million for the 12.3-acre site in 1990, records show. The warehouses were completed in 1990.u0026nbsp;u003c/pu003enu003cpu003eArnet manufactures vitamins, minerals, amino acids and herbal supplements, according to the company’s website.u0026nbsp;u003c/pu003enu003cpu003ePrologis is among South Florida’s largest institutional owners of industrial properties. In January, the firm sold a 3.4-acre industrial site near Miami International Airport to Miami-Dade County for u003ca href=”/miami/2025/01/16/prologis-sells-warehouses-near-mia-to-miami-dade-county/”u003e$17 millionu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003eAs part of that transaction, Prologis agreed to demolish four one- and two-story warehouses on the property, which Miami-Dade plans to use for parking and as a construction staging area for other airport projects.u0026nbsp;u003c/pu003enu003cpu003eLast year, Prologis dropped $112 million for two other industrial properties near Miami International Airport. The firm paid u003ca href=”/miami/2024/12/27/prologis-buys-doral-warehouse-for-57m/”u003e$57 millionu003c/au003e for a 157,200-square-foot facility in Doral, and acquired the former TracFone Wireless headquarters near Doral for u003ca href=”/miami/2024/08/16/verizon-subsidiary-tracfone-sells-hq-near-doral-to-prologis/”u003e$55 millionu003c/au003e. Prologis plans on redeveloping the existing office building into warehouses.u0026nbsp;u003c/pu003enu003cpu003eMiami-Dade’s industrial market has softened the past year. The vacancy rate jumped to 5.5 percent in the third quarter compared with 4.6 percent during the same period last year, according to Colliers. The average asking rent grew slightly to $16.65 per square foot in the third quarter compared to $16.43 in the same period last year.u0026nbsp;u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Arnet Pharmaceuticals acquired three Broward County warehouses”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-12-01T20:37:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003culu003ernu003cli aria-level=”1″u003eu003cbu003ePrologis sold three fully leased industrial warehouses in Broward County for $53.1 million.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003culu003ernu003cli aria-level=”1″u003eu003cbu003eThe buyer was an affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003culu003ernu003cli aria-level=”1″u003eu003cbu003eThe property, known as Westport Business Park, was acquired by Arnet, which occupies half of the complex under a lease that expires in 2035.u003c/bu003eu003c/liu003ernu003c/ulu003ernu003cpu003eu0026nbsp;u003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/D3ooSfQppuJhgR4fQ6wZ/D3ooSfQppuJhgR4fQ6wZ.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/12/Prologis-Sold-Three-South-Florida-Warehouses-For-53-Million–1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/12/Prologis-Sold-Three-South-Florida-Warehouses-For-53-Million–1400×933.jpg 1400w, /wp-content/uploads/2025/12/Prologis-Sold-Three-South-Florida-Warehouses-For-53-Million–300×200.jpg 300w, /wp-content/uploads/2025/12/Prologis-Sold-Three-South-Florida-Warehouses-For-53-Million–700×467.jpg 700w, /wp-content/uploads/2025/12/Prologis-Sold-Three-South-Florida-Warehouses-For-53-Million–200×133.jpg 200w, 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for $53.1 million. An affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic, acquired the industrial complex at 2501 to 2555 Davie Road in Davie from San Francisco-based Prologis, led by CEO Hamid Moghadam, records show.u0026nbsp; The buyer partially financed the purchase with a $37 million loan from TD Bank. The deal breaks down to $267 per square foot.u0026nbsp; Davie-based Arnet paid $37.2 million above the previous sale price 11 years ago. Arnet occupies half of the fully leased complex, known as Westport Business Park, under a [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Ilya Hourie” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/12/01/prologis-sold-three-south-florida-warehouses-for-53-million/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/12/01/prologis-sold-three-south-florida-warehouses-for-53-million/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/c342492cb602b1402a4b81a39a649189″,”name”:”Francisco 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An affiliate of Arnet Pharmaceuticals, led by CEO Jose Tabacinic, acquired the industrial complex at 2501 to 2555 Davie Road in Davie from San Francisco-based Prologis, led by CEO Hamid Moghadam, records show.u0026nbsp; The buyer partially financed the purchase with a $37 million loan from TD Bank. The deal breaks down to $267 per square foot.u0026nbsp; Davie-based Arnet paid $37.2 million above the previous sale price 11 years ago. 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Prologis Sold Three South: What to Plan Before You Start

Prologis Sold Three South: Practical Checklist

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FAQ: Prologis Sold Three South

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