Bridge Industrial Acquires Prime, 16-Acre Site in the Heart of Doral, FL
Bridge Industrial Continues to Acquire Opportunistic Properties, Boosting its Rapidly Growing Portfolio
MIAMI, FLORIDA (October 7, 2024) Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced it has closed on the acquisition of a prime 16-acre site in the heart of Doral, FL located at 7775 NW 48th St. This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
Newmark’s Nick Wigoda and Steve Medwin represented Bridge Industrial in the transaction, while the seller, Warren Zinn of Atlas Capital Group, was represented in-house.
“We are thrilled to close on this well-located site in the heart of Doral, offering unparalleled connectivity and prime frontage along the Palmetto Expressway,” said Kevin Carroll, Partner, Southeast Region, Bridge Industrial. “Following our success with Bridge Point Doral, this marks our second major acquisition in one of the most sought-after markets in the country. This acquisition aligns perfectly with our strategy of identifying well-located properties in strategic, high barrier to entry markets. We look forward to maximizing the potential of this exceptional location.”
Nick Wigoda added, “Numerous buyers pursued this off-market opportunity, and we were pleased to deliver it to Bridge Industrial. The property’s prime location, with access to major transportation routes, made it highly desirable. Bridge’s tenacity and expertise made the acquisition process extremely smooth. With their proven experience in managing investor-grade assets, we are confident that Bridge will continue to enhance the property’s value.”
The corporate park is ideally situated in South Florida’s highly desirable Airport West submarket, between the 36th and 58th Street exits off the Palmetto Expressway (826), benefiting from direct frontage, with 267,000 vehicles passing per day. Just minutes from Doral City Center and Downtown Doral, tenants enjoy access to abundant nearby retail, restaurant, and hotel amenities. The property offers immediate access to major thoroughfares, including the Palmetto Expressway (826) via a signalized intersection, 836, the Florida Turnpike and all the major thoroughfares connecting to the region’s major population centers and South Florida’s busiest air and seaports.
Bridge Industrial is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired more than 740 acres in 22 separate transactions across South Florida. The firm has delivered or has under construction over 11 million square feet of Class-A industrial space across the region.
About Bridge Industrial
Bridge Industrial transforms complex real estate opportunities into irreplaceable industrial assets. A privately-owned, vertically integrated real estate investor and developer, Bridge Industrial acquires and develops sites where it can leverage its expertise in complex transactions, skilled site development, creative property solutions, and successful leasing. Bridge seeks opportunities to develop and acquire Class A industrial facilities in high barrier to entry markets across the globe, that can meet the steady demand for last-mile and next-day delivery. The firm operates in Chicago, Miami, New Jersey, New York, Los Angeles, San Francisco, Seattle, and Europe. Since its inception in 2000, Bridge has successfully acquired and developed nearly 74 million square feet of industrial buildings.
