Bridge Inks 113,000+-SF Lease At Bridge Point 595
A leading provider of e-commerce fulfillment and technology solutions has signed a long-term lease agreement.
A leading provider of e-commerce fulfillment and technology solutions has signed a long-term lease agreement.
With the expansion, the company now occupies 104,996 square feet.
HLOM LLC, a Delaware limited liability company, purchased the 33,000-square-foot building on an all-cash basis from M H Berkson Associates LTD for $6,750,000, or approximately $205 per square foot.
He will be focusing on industrial leasing and sales within the South Florida market.
The properties, located at 3240 SE 6th Avenue and 501 SE 33rd Street in Fort Lauderdale were sold to an owner/user for $1,475,000.
Larry Dinner of CBRE is the leasing representative for IDI Logistics for the new building.
Bridge Industrial had the property rezoned and subsequently built two Class A industrial Building for a total of ±174,129 SF.
The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
CBRE’s Larry Genet, Tom O’Loughlin, and Jake Zebede represented the owner in the sale of the industrial warehouse.
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