August 12, 2021
TypeDeal, Press Release
Represents Second Bridge Industrial Development Project that the Fast-Growing South Florida Tech Startup Company Calls Home
MIAMI, FL – (August 10, 2021) – Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced it has inked a new lease at Bridge Point 595 in Davie, Fla. ShipMonk, Inc., a leading provider of e-commerce fulfillment and technology solutions, has signed a long-term lease agreement to occupy 113,360 square feet in Building 1 of the three building, 677,314-square-foot industrial park delivered earlier this year.
“We are delighted to once again work with the ShipMonk team and welcome them to the tenant mix at Bridge Point 595,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial.
Aaron Hirschl, Vice President of Bridge added, “ShipMonk recognized the value Bridge Point 595 offers—a brand new modern industrial facility with a highly accessible location, two minutes from I-95 and the Florida Turnpike. We are pleased to have been able to meet all of their requirements.”
Berger Commercial Realty/CORFAC International’s Senior Vice Presidents Joseph P. Byrnes and Keith R. Graves, CCIM and Senior Sales Associate John Forman represented the landlord in the transaction. Mitchell Millowitz, Executive Managing Director with Newmark represented the tenant, ShipMonk, one of South Florida’s fastest growing tech startups.
“The tenant was attracted to this facility because of its superior location, access to major highways throughout South Florida, and the proximity to its existing facility,” explained Byrnes. “They currently lease all of Riverbend, a Bridge Industrial development at Broward and I-95. Bridge Industrial develops their projects with best-in-class amenities and features, which is very appealing to the quality tenants that occupy their facilities. Bridge Point 595 is the first and last mile to everywhere.”
Bridge Point 595 is already home to K&K Transfer, a full-service moving, delivery, storage and warehousing company, which signed a long-term lease agreement earlier this year to occupy 34,467 square feet.
Bridge Point 595 features three Class-A industrial buildings. Buildings 1 and 2 will each total 290,295 square feet and Building 3 will total 96,724 square feet. The three buildings will feature 32’ clear ceiling heights, dock-high loading, ESFR sprinkler systems, a 1.04/1,000 parking ratio, 54’ column spacing and 60’ speed bays. The rear-load facilities are located minutes from 595, I-95 and Florida’s Turnpike, offering easy access to South Florida’s major transportation arteries. The park also offers easy connections to South Florida’s busiest air and seaports, including Fort Lauderdale – Hollywood International Airport and Port Everglades, Port Miami and Miami International Airport.
Bridge is one of South Florida’s most active industrial real estate developers. The company has acquired approximately 500 acres in 16 separate transactions throughout Miami Dade and Broward Counties and delivered approximately 7 million square feet of Class-A industrial space across the region since entering the market in 2012. The company’s current South Florida portfolio spans more than 5 million square feet of company-owned and third-party managed properties.
ShipMonk was originally launched out of Florida Atlantic University’s Tech Runway in 2014 by 30-year-old entrepreneur Jan Bednar. Today, the company has more than 1,000 employees across facilities in Fort Lauderdale, FL, Pittston, PA, Los Angeles, CA, and Prague, Czech Republic.
For more information about Bridge Point 595 or to schedule a tour, contact the Berger industrial team of John Forman and Senior Vice Presidents Joseph Byrnes and Keith Graves at (954) 652-2031.