Global asset manager Ares Management purchased two Miami-area industrial warehouses for a combined $108.7 million from BGRE — formerly known as Brookfield Properties — in the top industrial transaction recorded for the week ending September 4, 2026.

What exactly did Ares Management buy in Miami-Dade?

Ares Management acquired two single-story warehouse properties spanning nearly 23 acres across two Miami-Dade locations: one at 3811 West 108th Street in Hialeah, purchased for $65.3 million, and a second at 13190 Northwest 17th Street in Miami, purchased for $43.3 million. Together, the sites represent a substantial footprint of last-mile and logistics-ready industrial space in one of the nation's most supply-constrained markets.

  • Hialeah property (3811 West 108th Street): $65.3 million purchase price
  • Miami property (13190 Northwest 17th Street): $43.3 million purchase price
  • Combined acreage: nearly 23 acres of one-story industrial space
  • Seller: BGRE, formerly known as Brookfield Properties

Why is South Florida industrial real estate attracting institutional buyers?

South Florida's industrial market continues to draw major institutional capital because available land for new warehouse development remains extremely scarce, keeping vacancy low and values elevated. Ares Management's decision to deploy more than $108 million into two Miami-Dade properties in a single transaction reflects broader confidence that the region's logistics infrastructure will remain in high demand, driven by population growth, e-commerce activity, and the Port of Miami's expanding cargo volumes.

  • South Florida's landlocked geography limits new industrial supply
  • Miami-Dade warehouse demand is fueled by port activity and population growth
  • Institutional buyers such as Ares Management increasingly favor supply-constrained Sun Belt markets

What does this sale signal for industrial property values in Hialeah and Miami?

The $108.7 million combined price tag — averaging roughly $4.7 million per acre across the two sites — signals that institutional sellers like BGRE can command premium exit valuations even for stabilized, one-story industrial assets in Miami-Dade. For Hialeah specifically, the $65.3 million valuation on a single warehouse parcel underscores how the city's position as a logistics hub between Miami International Airport and major highway corridors continues to inflate land prices.

  • Hialeah's proximity to Miami International Airport supports premium industrial pricing
  • One-story warehouse formats remain favored for last-mile distribution operations
  • BGRE's successful exit may encourage further institutional portfolio sales in South Florida

The original transaction data was reported by The Real Deal.