May 17, 2018
TypeDeal, Press Release
As South Florida’s industrial real estate market continues to ride strong, Bridge Development Partners today announced it has signed its first tenant at Bridge Point Powerline Road in Pompano Beach, FL. TSF Sportswear LLC, a Florida-based wholesale apparel distributor with locations nationwide, will relocate its existing Pompano Beach headquarters and fully occupy Building 1, totaling 172,927 square feet. Strategically located equidistant between the Florida Turnpike and I-95 with direct frontage on Powerline Road, the modern +/- 467,832-square-foot industrial park featuring Class-A warehouse, distribution and flex/showroom space is slated for delivery in the third quarter of 2019.
“We are pleased to have met all of TSF Sportswear’s requirements and welcome them to our newest South Florida business park,” said Kevin Carroll, Partner, Southeast Region of Bridge Development Partners. “This strong preleasing activity is a testament to our project’s unparalleled location and flexible offerings, combined with the unprecedented demand we continue to see across South Florida for well-located and designed industrial facilities that meet the changing needs of today’s users.”
CBRE’s Advisory and Transaction Services team in South Florida led by Tony Hoover, represented Bridge Development Partners in the lease transaction.
“TSF had outgrown its existing headquarters but wanted to remain in Pompano Beach to maintain its employee base,” said Hoover. “Bridge Development was the only developer that could offer an expansive 170,000+ square foot floorplate. TSF’s new modern facility allows for future growth and is sure to deliver efficiencies to their supply chain thanks to a prime distribution location midway between the Florida Turnpike and I-95.”
Located at 1951 North Powerline Road, Bridge Point Powerline Road business park is situated in the heart of Pompano Beach’s industrial submarket, midway between the Florida Turnpike and I-95—the shortest distance between the two interstate highways in Broward County. Bridge is developing all three facilities simultaneously.
Buildings 1 and 2 total 172,927 square feet each and share a 180’ truck court. Building 3 totals 121,978 SF and boasts a fully-secured 121’ truck court. All buildings feature modern amenities, including 32’ clear ceiling heights, 54’ column spacing, 60’ speed bays, T-5 energy efficient lighting, and ESFR sprinkler systems. Additionally, Bridge is marketing a ±3.5-acre parcel with Powerline Road frontage for sale to users who require the unique access and visibility offered by the smaller parcel. The project offers easy access to South Florida’s major transportation arteries and is a short 15 minute-drive to Fort Lauderdale-Hollywood International Airport and Port Everglades and just 30 minutes from Miami International Airport and PortMiami.
Bridge Development is on track to deliver more than 1.75+ million square feet of Class-A industrial space in key South Florida distribution markets over the next 12 months. In addition to Bridge Point Powerline Road, Bridge Development recently acquired a 185-acre development site in Miami Gardens to develop a 2 million square foot business park called Bridge Point Commerce Center—the company’s largest South Florida project to date. Phase 1 of the project is slated for delivery in the second quarter 2019 and will feature three Class-A industrial buildings totaling 1.1 million square feet. Scheduled for completion in the third quarter of 2018, the company is also on track to deliver Bridge Point Riverbend, a world-class, 221,542-square-foot industrial building located at the intersection of I-95 and Broward Boulevard in Fort Lauderdale, Fl. Since entering the South Florida market in 2010, Bridge Development has delivered more than 2 million square feet of Class-A industrial space.
For more information on Bridge Point Powerline Road or to schedule a property tour, please contact CBRE’s Tony Hoover at (561) 393-1619.