BRIDGE Closes On $78.24 M Financing For Bridge Point AVE
The three-building, nearly 600,000-square-foot Class-A industrial park is 72% preleased and on schedule to be delivered in the third quarter of 2021.
The three-building, nearly 600,000-square-foot Class-A industrial park is 72% preleased and on schedule to be delivered in the third quarter of 2021.
The buyer is one of the largest retail beauty products, wig and human hair extension suppliers in the United States. It owns and operates 22 retail locations throughout the South Florida tri-county area and Tampa.
The newly completed buildings are already 100% leased with five tenants.
The asset sold for $3,000,000.
One deal marks the 6th closed industrial sale over the last 100 days totaling over $40 million for State Street Realty’s Frank Trelles and Jason.
Thomas Kresse, Walter Byrd, Ben Eisenberg and Carlos Gaviria, will provide leasing services on behalf of the owner.
A 127,150-square-foot warehouse/distribution facility will be built on one of the last remaining parcels within International Corporate Park.
Brenda Gonzalez will assist the Miami Development Team with entitlement, construction and completion of existing projects, as well as due diligence on new deals.
Fairchild Partners’ Jose Juncadella and Sebastian Juncadella represented the landlord and Savills’ Peter Starr and Thomas Capocefalo represented the tenant.
Executive Managing Director Ben Eisenberg, Managing Director Thomas Kresse and Vice President Carlos Gaviria represented the seller in the transaction.
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