Anticipated to be completed in June 2024, this new roadway will significantly improve accessibility across the city and provide direct access to Bridge Industrial’s newest state-of-the-art South Florida logistics park: Bridge Point Doral.
The deals are valued at over $22 million.
This milestone marks the continuation of Phase IV, a 121-acre site within Countyline Corporate Park that can accommodate up to 2.2 MSF at full build out.
The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements.
Peter Messina, CCIM of SVN Commercial Realty represented the tenant in the transaction. Butters Realty and State Street Realty represented the Landlord.
The $90 million project is expected to be completed in 18 months.
Otto Travieso of Real Capital Partners LLC represented the tenant, The Cromer Company, in the 7-year lease deal.
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.
The listing, which is being handled by CBRE Senior Vice President David Wigoda, says the property offers a turnkey solution for a corporate buyer or it could be redeveloped for office, industrial, retail, hotel or multifamily uses.
Transwestern’s Carlos Gaviria, Thomas Kresse, Walter Byrd, and Ben Eisenberg represented building owner Terreno Realty Corporation in the transaction.