Bridge Point Gratigny will be a 409,000-square-foot+ logistics facility featuring in-demand tenant amenities, including 100+ secured, on-site trailer parking.
Easton’s Michael Foxwell Jr. and Andrew Easton negotiated the lease transactions.
The deals mark an expansion for the company, which already leases a 50,000-square-foot warehouse at 1148 Northwest 72nd Street in unincorporated Miami-Dade.
The $11,150,000 price tag is one of the highest purchase prices that the area has seen, according to APEX Capital Realty.
Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer in the transaction.
The four-building development is expected to break ground this September.
The lease was facilitated by NAI Miami | Fort Lauderdale’s, Edward Schmidt, SIOR, CCIM,; Gabriel Garcia-Menocal, SIOR,; and Lucia Custer; alongside Solaris Real Group.
Hialeah has seen an industrial boom in recent years with 30 million square feet of warehouses and manufacturing plants boasting a vacancy rate of only 1.7 percent, which ranks the lowest amongst the Miami-area submarkets.
Sebastian Juncadella and Jose Juncadella of Fairchild Partners are marketing the project for lease on behalf of Seagis, which expects to deliver the property by the end of the year.
Cresa Miami’s Jeff Hartsook and Adam Talbot represented OnBoard Logistics USA in the transaction. Vivo Real Estate’s Raul Estrada, Carlos Velasquez, Raydel Enriquez represented the landlord, SFLC Industrial Owner.
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