Gian Rodriguez, Wayne Ramoski, and Skylar Stein of Cushman & Wakefield will oversee leasing efforts for both speculative and build-to-suit development on behalf of the developer and owner, Bridge Industrial.
All Florida Paper will occupy the entire 226,698 square foot building.
The project will cater to a variety of tenant space needs with planned buildings ranging from 165,000 to 900,000 square feet. The first building is set to be delivered in late 2023.
The assemblage includes three free-standing warehouse buildings totaling 28,306 square feet of renovated industrial/flex space on a 41,026-square-foot lot in the heart of Miami’s Little River Business District.
Bridge Point Gratigny will be a 409,000 SF+ logistics facility featuring in-demand tenant amenities, including 100+ secured, on-site trailer parking.
The building totals more than 180,000 square feet.
The 6.7-acre improved land parcel is adjacent to the intersection of the Palmetto Expressway and West Okeechobee Road.
Larry Genet, Tom O’Loughlin and Christina Searles with CBRE represented both the buyer and seller in the transaction.
Year-over-year, the Miami industrial market experienced a 53 percent jump in rent.
The buyers intend to convert the property to art gallery and creative space.