Bridge Development Partners Sells Off Newly Completed Industrial Property

Bridge Development Partners sold a recently completed industrial building in Dania Beach for $22.375 million.
Bridge Marina Mile, an affiliate of the Chicago-based developer, sold the property at 3400 S.W. 30th Ave. to MSG Marina Mile, an Aventura-based company managed by Saul Gilinski.
The 189,620-square-foot Bridge Point Marina Mile was finished this year.

The developer bought the 12.3-acre site out of foreclosure for $6.75 million in 2013 and obtained a $12.3 million construction loan from Regions Bank. It’s located just south of Interstate 595.

The price equates to $118 per square foot.
Gilinski has a history with Bridge Development. In 2014 he bought Bridge Point-Port 95 in Dania Beach after it was completed earlier that year.
 
Source:  SFBJ

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