The 170,000 SF+ Logistics Facility will be Delivered in the Second Quarter of 2024
MIAMI, FL – (August 15, 2022) – Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced it has secured $28 million in financing to develop Bridge Point Port Everglades, a modern new 170,892-square-foot industrial real estate facility. The project is located on a site adjacent to Port Everglades at 2200 NE 7th Ave, Dania Beach and is on track to be delivered in the second quarter of 2024.
The loan was issued by Hartford Investment Management Company and secured by Steve Roth, Vice Chairman of Capital Markets for CBRE. The financing will cover the development of the strategically located, 22.43-acre development site, acquired by Bridge in June.
“This site offers an unparalleled location combined with modern amenities important to today’s tenants,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “With financing in place, we look forward to delivering another world-class logistics project that will serve to meet ongoing demand for well-located, high-quality industrial space in Broward County.”
Bridge Point Port Everglades is strategically located at the Port Everglades exit off I-595. The rear-load, 170,892-square-foot building features 32’ clear ceiling height, 34 dock-high doors, 2 drive-in doors, 120’ truck court and 156 car parking spaces. Bridge is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired approximately 750 acres in 20 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.