July 14, 2022
TypeDeal, Press Release
Bridge Point Gratigny will be a 409,000 SF+ logistics facility featuring in-demand tenant amenities, including 100+ secured, on-site trailer parking
MIAMI, FL – (July 14, 2022) – Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced it has completed the acquisition of a prime development site strategically located adjacent to Miami Opa Locka Executive Airport, on a prime corner—NW 135th Street and NW 47th Street—that offers frontage along the Gratigny Expressway (SR 916). Bridge plans to transform the site into Bridge Point Gratigny, a modern new 409,189-square-foot logistics facility that will cater to today’s logistics users. Bridge plans to deliver the building in early 2024.
Colliers’ Director Steven Wasserman and Managing Director Erin Byers represented Bridge in acquiring the site from AA Acquisitions, LLC. The site requires some environmental cleanup, as it contains wetlands and is a Korean War era training facility for the U.S. Military.
“Following the success of our nearby Bridge Point AVE project, we look forward to delivering a state-of-the-art project to help meet local demand for modern industrial space, while also bringing new jobs and investment to the area,” Kevin Carroll, Partner, Southeast Region of Bridge Industrial.
Centrally located in Miami-Dade County, Bridge Point Gratigny offers direct access to the Gratigny Expressway, a major east/west thoroughfare connecting to I-95 and I-75. The site is just minutes to I-75, I-95, and 826, with quick access to South Florida’s busiest air and seaports.
Bridge Point Gratigny will be a world-class, 409,189-square-foot industrial facility featuring in-demand tenant amenities, including 106 trailer parking spaces, a fully secured, nonshared truck court, 40’ clear ceiling height with 54’ column spacing, 60’ speed bays, two street-level ramps, and 82 dock-high loading doors.
“Trailer parking is increasingly important to our tenants involved in the e-commerce and logistics space,” added Aaron Hirschl, Vice President of Bridge. “In addition, on-site trailer parking is especially limited across our region, which is why we made sure to include more than 100 fully-secured spaces at our new project.”
This announcement comes on the heels of Bridge’s South Florida acquisition last month of a prime 22.43-acre development site located adjacent to Port Everglades. Located at 2200 NE 7th Ave, Dania Beach, Bridge will transform the site into Bridge Point Port Everglades, a modern new 170,892-square-foot logistics facility.
Bridge is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired approximately 700 acres in 18 separate transactions across South Florida. Bridge has delivered and/or has under construction more than 10 million square feet of Class-A industrial space regionwide. Bridge continues to seek opportunities to develop modern industrial facilities in the most supply-constrained core infill industrial markets that can meet the steady demand for last-mile and next-day delivery.