Senior Managing Director Sal Bonsignore and Executive Managing Director Rod Loschiavo of Colliers South Florida, represented the seller in the transaction with First Industrial Realty Trust.
Bridge will transform the site into Bridge Point Port Everglades, a modern new 170,892-square-foot logistics facility that will cater to today’s logistics users. Bridge plans to deliver the building in early 2024.
The buyers intend to convert the property to art gallery and creative space.
An Ares Management Real Estate fund acquired the assets.
Here are the most popular news headlines this past week on CRE-sources.
Senior Vice President Keith Graves, CCIM, Vice President Jonathan Thiel , Sales Associate Lawrence Oxenberg and Sales Associate Daniel Forman will serve as the exclusive leasing agents.
NewRock Real Estate Partners LLC and Brickbox Properties purchased the asset from Schulz and Schulz Realty.
The industrial fund intends to identify and make investments over the next 24 months with various operating partners.
Here are the most popular news headlines this past week on CRE-sources.
The commercial real estate transactions were all completed throughout the South Florida area in April and May by Vice President Frank Trelles, SIOR, Sales Associate Jason Gonzalez and Sales Associate Brandon Careaga.