Bridge Industrial Acquires Two Miami Gardens Industrial Facilities Totaling ±124,000 SF
Bridge plans a multi-million dollar reinvestment to upgrade the facilities and rename them Bridge Point Palmetto Lakes.
Bridge plans a multi-million dollar reinvestment to upgrade the facilities and rename them Bridge Point Palmetto Lakes.
Before joining Colliers, Pace served as a Senior Leasing Representative for Duke Realty.
Rodriguez will be based in Miami in the role of Colliers’ national director of industrial services.
Knotel, a flexible workspace platform founded in 2015 in New York, is slated to occupy the entire 46,072-square-foot property.
The firm, led by CEO Malcolm Butters, has been involved in developing industrial projects totaling 5 million square feet with a value of over $1 billion.
The investor/developer paid $14 million for an asset in northwest Miami-Dade.
The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.
JC Conte, SIOR and Brian T. Ahearn, CCIM represented the tenant in the lease deal.
The industrial flex warehouse located along NE 189th Street in the high barrier-to-entry market of Aventura (Miami MSA) offered both stable income with additional upside, given the size and liberal zoning of the parcels as well as the prime location and strong opportunity for redevelopment.
The multi-phased, $38.5-million project totals over 850,000 square feet of Class A warehouses.
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