The Florida native brings nearly a decade of experience to Bridge, along with a knack for sourcing off-market transactions.
The new, two-building logistics facility totals 317,499 square feet.
The new division will focus on identifying infill speculative and industrial build to suit opportunities in the State of Florida and opportunistically in other key logistics markets.
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
This is the third acquisition IOV has made in Florida in the last 24 months.
He will be focusing on industrial leasing and sales within the South Florida market.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
C&W’s Mike Davis, Rick Brugge, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction with support from Zachary Eicholtz and Brooke Tulley.
New York-based Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Delray Beach-based Redfearn Capital formed a new programmatic joint venture to acquire value-add industrial properties throughout Florida with a concentration in South Florida.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
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