Bridge Development Partners, one of South Florida’s most active industrial real estate developers, today announced it has inked a 114,808-square-foot lease at Bridge Point Commerce Center with HapCor, one of the leading grocery distributors to the Caribbean and Latin America. This lease brings Phase I of the Class-A industrial park, totaling 1.1 million square feet, to 40 percent occupancy.
Phase I of the Class-A industrial park, consisting of three industrial buildings, was delivered ahead of schedule last month. At full build out, the park will encompass 2.1 million square feet.
“On the heels of completing Phase I of Bridge Point Commerce Center within the past 30 days, we are pleased to announce such a credit worthy tenant joining the mix,” said Aaron Hirschl, Vice President of Bridge Development Partners. “Having successfully preleased nearly half of the project is a testament to the fact that our park is a great fit for today’s tenants who require high-quality warehouse and distribution space with easy access to South Florida’s busiest air and seaports.”
The CBRE team of Tom O’Loughlin, SIOR, Senior Vice President and David C. Albert, Senior Vice President represented the developer, Bridge Development Partners, in the transaction. Avison Young Principals Tom Viscount and Wayne Schuchts represented the tenant.
“As a result of HapCor’s tremendous success over the past few years, the company was looking to more than triple its space but stay within the county line area,” O’Loughlin said. “Bridge Point Commerce Center was able to meet these needs, as well as accommodate HapCor’s unique cold storage requirements and as an added bonus, provide Florida Turnpike visibility. Strong demand continues at the park and we look forward to announcing two additional tenants shortly.”
The new lease represents a corporate headquarters expansion and relocation for HapCor, which is also relocating its dry and frozen facility from Miramar Park of Commerce in Broward County to the new industrial park nearby in Miami-Dade County.
“We were pleased to represent HapCor, a family-owned company that continues to experience significant growth,” said Viscount. “With Bridge’s new class A industrial park under construction less than a mile from HapCor’s previous location, we knew this was a natural progression for our client. Aaron at Bridge put in the time to meet all of HapCor’s needs, and that’s what ultimately made the deal work.”
Strategically located between Miami-Dade and Broward Counties on a 185-acre site at 3900 Northwest 215th Street, Bridge Point Commerce Center offers Florida Turnpike frontage with 155,310 cars passing per day. Phase I features three Class-A industrial buildings. Divisible to 40,000 square feet, the first two buildings are 286,991 square feet with 32’ clear ceiling heights and the third is a 534,816-square-foot, cross-dock facility with 36’ clear ceiling heights. The park’s location is equidistant from Miami International Airport and Fort Lauderdale International Airport and offers immediate access to all points in South Florida via the Florida Turnpike and I-75. Build-to-suit and build-to-own opportunities are also available.
Since 2012, Bridge has acquired 473 acres throughout Miami Dade and Broward Counties and delivered more than 4 MSF of Class-A industrial space across the region. The company’s current South Florida portfolio spans more than 3 million square feet.
For more information about Bridge Point Commerce Center or to schedule a tour, contact CBRE’s Tom O’Loughlin, SIOR at (953) 356-0468 or David C. Albert at (305) 381-6474.