Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, has closed an off-market transaction to acquire a prime 22.43-acre development site strategically located adjacent to Port Everglades. Located at 2200 NE 7th Ave, Dania Beach, the site is currently home to Park ‘N Fly, which will vacate the property by the end of the month. Bridge will transform the site into Bridge Point Port Everglades, a modern new 170,892-square-foot logistics facility that will cater to today’s logistics users. Bridge plans to deliver the building in early 2024.
“We are excited to close on this prime logistics site, especially in such a land constrained market like south Broward County,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “This marks our sixth deal within a five-mile radius and our third deal in Dania Beach.”
Aaron Hirschl, Vice President of Bridge added, “This is arguably the most accessible site Bridge has acquired in South Florida to date. It offers future tenants direct access to Port Everglades, I-595, and US 1 and is next door to Fort Lauderdale International Airport.”
Bridge Point Port Everglades is strategically located at the Port Everglades exit off I-595. The rear-load, 170,892-square-foot building features 32’ clear ceiling height, 34 dock-high doors, 2 drive-in doors, 120’ truck court and 156 car parking spaces.
Bridge is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired approximately 700 acres in 17 separate transactions across South Florida. Bridge has delivered and/or has under construction more than 10 million square feet of Class-A industrial space regionwide. Bridge continues to seek opportunities to develop modern industrial facilities in the most supply-constrained core infill industrial markets that can meet the steady demand for last-mile and next-day delivery.
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