Bridge Industrial Secures $77.55 Million In Permanent Financing For Bridge Point AVE In Miami

Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, announced it has secured $77.55 million in permanent financing for Bridge Point AVE, a three-building, nearly 600,000-square-foot Class-A industrial park located within the master-planned AVE Aviation and Commerce Centre in central Miami-Dade County.

The loan was arranged by Steve Roth, Bill Jurjovec and team at CBRE’s Debt & Structured Finance group. According to public records, State Farm Life Insurance Company is the lender.

“We’re proud of how well Bridge Point AVE has performed—from early preleasing momentum to reaching stabilization with nearly full occupancy and a roster of high-quality, long-term tenants,” said Kevin Carroll, Partner, Southeast Region, Bridge Industrial. “Securing permanent financing in today’s uncertain environment reflects both the strength of the asset and sustained investor confidence in South Florida’s industrial fundamentals.”

Completed in 2021, Bridge Point AVE is nearly fully leased, with just 30,286 square feet of Class-A industrial space currently available. Building 1, located at 5590 NW 145th Street, totals 199,800 square feet; Building 2, at 14150 NW 56th Court, offers 110,588 square feet; and Building 3, at 14250 Aviation Drive, comprises 279,499 square feet. Each building features modern design elements, including 24- to 36-foot clear ceiling heights, ESFR sprinkler systems, and a mix of rear-load and cross-dock configurations to support tenant flexibility.

Bridge Point AVE is strategically located and offers direct access to major expressways, connecting the tri-county region in under 90 minutes. The Palmetto Expressway to the north and the Gratigny Parkway to the south provide convenient links to Florida’s Turnpike, I-95, and I-75.

Bridge Industrial is one of South Florida’s most active industrial real estate developers. Since 2012, the company has acquired more than 750 acres in 23 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.