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Hamid R. Moghadam Of Prologis Acquires Industrial Portfolio From Mark Saturno Of IDI Logistics For $352.16M

Property Image
SOLD
$352,160,000
Mark Saturno
HM

Florida

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Industrial1,150,000 SF
Sold 06/09/2026
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Property Image
SOLD

Hamid R. Moghadam Of Prologis Acquires Industrial Portfolio From Mark Saturno Of IDI Logistics For $352.16M

3430 Davie Road

See Similar Deals
Industrial1,150,000 SF
Sold 06/09/2026
Mark Saturno
HM
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$306
Total Square Footage:1,150,000 SF
Transaction Type:Sale

The industrial asset involved in the transaction is the Davie Business Center, comprising seven buildings situated at 3300, 3350, 3360, 3370, 3380, 3410 & 3430 Davie Road in Davie, FL. The total square footage of the property is 1,150,000, and it was sold for a transaction amount of $352,160,000, equating to a price per square foot of $306. The property is classified as Class A logistics and was constructed between 2013 and 2022, with 97% occupancy leased to 25 tenants.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $352,160,000
  • Square Footage: 1,150,000
  • Price per Square Foot: $306
  • Buyer: Hamid R. Moghadam - Prologis
  • Seller: Mark Saturno - IDI Logistics
  • Broker: CBRE

The deal was facilitated by CBRE, which represented the seller, IDI Logistics, in the transaction. This acquisition strengthens Prologis’ presence along the I-595 industrial corridor in South Florida.

Players

CBRE
CBRE
BROKERAGE
HM
Prologis
Hamid R. Moghadam
6 deals$377.2M volume
BUYER
Mark Saturno
IDI Logistics
Mark Saturno
7 deals$886M volume
SELLER

Details

SOLD
IMAGE: Mark Saturno & Hamid R. Moghadam DATE: 06/09/2026 ADDRESS: 3300, 3350, 3360, 3370, 3380, 3410 & 3430 Davie Road MARKET: Davie, FL ASSET TYPE: Industrial BUYER: Hamid R. Moghadam - Prologis (@Prologis) SELLER: Mark Saturno - IDI Logistics (@IDILogistics) BROKER: CBRE (@CBRE) SALE PRICE: $352,160,000 SF: 1,150,000 - PPSF: $306 NOTE: Prologis acquired the seven-building, 1.15 million-square-foot Davie Business Center in Broward County for $352.16 million from IDI Logistics, with CBRE representing the seller in the transaction. The Class A logistics portfolio, built between 2013 and 2022 and 97% leased to 25 tenants, strengthens Prologis’ foothold along the infill I-595 industrial corridor in South Florida.

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