“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
CBRE’s Christian Lee, Chris Riley, José Lobón, Amy Julian, and Royce Rose represented Butters in the transaction.
“Modern, last-mile logistics centers like Bridge Point Commerce Center continue to outperform the market,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “We are pleased to have been able to take advantage of historically low interest rates and lock into an extremely attractive fixed rate.”
Negotiations are underway with a national grocer, gas station, high end national coffee shop, national dental provider, a first-class daycare, as well as several other restaurants and service-oriented businesses.
Senior Vice President Kimberly Barbar is handling the sale.
Here are the most popular news headlines this past week on CRE-sources.
The partnership plans to develop a 200,000 square foot industrial building on the 12.5-acre site.
The lease deal comes on the heels of 96,728-square-foot lease deal, which the Berger Commercial Team negotiated earlier this month.
The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
The Castle Beach Club site represents the rare opportunity for developers to build a project that would re-shape the Miami Beach Skyline.