As demand for industrial real estate in South Florida heats up, JLL has been awarded the second exclusive leasing assignment with Bridge Development Partners, LLC to lease a state-of- the-art 146,000-square-foot distribution center planned in Broward County. The new industrial development, Bridge Point Davie, is set to break ground in a few months in the Town of Davie on a 10-acre site.
Located just off of Florida State Road 84 and 441, the Class A industrial space will have the ability to accommodate tenants from 35,000 square feet to a full building.
JLL’s Senior Vice Presidents David J. Wigoda, SIOR and Steven Wasserman, SIOR, who lead the firm’s industrial practice in Broward, will oversee leasing efforts for the distribution center on behalf of the Chicago-based company.
The team is also leasing the industrial property Bridge Point Marina Mile, which broke ground this month, located just four miles away in Dania Beach is already seeing pre-leasing activity. The increased pre-leasing activity is one of the reasons why the company purchased Bridge Point Davie.
“With demand outpacing supply in South Florida’s industrial market, the region continues to see new spec projects like Bridge Point Davie breaking ground,” said David Wigoda, SIOR of JLL. “We have seen significant pre-leasing activity at the proposed site in Dania Beach, which was one of the factors that motivated the ownership to immediately break ground nearby in Davie.”
The demand for new industrial product in Broward continues to increase, with approximately 50 percent of the recently completed Class A buildings delivered in the last three to 12 months already leased, according to JLL’s second quarter Industrial Widescreen report.
Bridge Pointe Davie will offer 32’ clear height, ESFR Fire Sprinklers, 54’ wide column spacing, 120’ deep private truck court and hurricane impact glass.
“Bridge Point Davie will offer premium features, the ability to accommodate a wide range of industrial users, and quick access to South Florida’s major highways, ports and airports,” said Steven Wasserman, SIOR of JLL. “With all these features in place, we expect interest from prospective tenants to remain strong.”
The JLL report also highlights that expected population growth, coupled with large infrastructure improvement projects at local ports and airports will have a direct impact on the industrial sector’s performance over the long run, as companies will be able to better utilize the ports to transport goods to and from their facilities.
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