Bridge Point Cold Logistics Center Fetches $113 Million
The 312,103-square-foot facility is leased to food logistics company FreezPak.
The 312,103-square-foot facility is leased to food logistics company FreezPak.
The portfolio totals 138,979 square feet.
In addition to the 400,000-square-foot East Expansion Building, the phase includes the development of the 29-story, 801-room Omni Fort Lauderdale hotel.
The three-story building, featuring industrial and office space, will be at the southwest corner of Coral Ridge Drive and NW 39 Street.
SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble who are based in Fort Lauderdale and Tampa, represented the seller in the transaction.
The asset last traded in November 2023 for $48 million.
The e-commerce fulfillment center secured a 124,000-square-foot warehouse and office facility.
The land has entitlements for a 49-story building with 381 residential units, 8,256 square feet of commercial space and 426 parking spaces.
Completion is estimated for Q2 2024.
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