Morgan Stanley-Backed Fund Sells Pompano Beach Industrial Park For $124.5M
The transaction pencils out to approximately $266 per square foot.
The transaction pencils out to approximately $266 per square foot.
The project transformed Ryder System’s former office headquarters into a modern, LEED certified,
326,448-square-foot logistics complex now available for immediate occupancy.
Bridge Industrial has commenced preliminary site preparations at the property with delivery anticipated in the first quarter of 2027.
The exclusive leasing team for the project, JLL’s Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain, represented Bridge Industrial in the lease transaction. The tenant was represented by Rick Etner and Nicolas Reid of Cushman & Wakefield.
A Miami-based importer and distributor of Latin American snack products will consolidate its two existing South Florida operations in Building 1 at Bridge Point Doral, signing a 32,478-square-foot, long-term lease.
The exclusive leasing team for the project—Sky Groden, SIOR; Ken Morris, SIOR; and Jeremy Cain of JLL—represented Bridge in the lease transaction.
The loan was arranged by Steve Roth, Bill Jurjovec and team at CBRE’s Debt & Structured Finance group.
This partnership will allow Bridge and CPP Investments to target high-quality industrial properties in key markets, as retailers compete for faster shipping times despite increasingly limited space for new warehouse construction.
This acquisition marks the firm’s second significant investment in Doral, following the recent groundbreaking of Bridge Point Doral, a project set to encompass over 2.6 million square feet of Class-A industrial space at full build out.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
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