Owned and developed by Bridge Industrial, the project is a 270,719-square-foot, two-building speculative industrial project designed to accommodate tenants ranging from 25,000 to 150,000 square feet.
The 2.8-acre site, which is zoned industrial, includes a 12,000-square-foot, two-story main building; a 7,500-square-foot warehouse; and a 2,200-square-foot maintenance shop as well as parking spaces for over 45 trucks.
Longpoint’s purchase represents a value-add investment opportunity, as the firm looks to strengthen its foothold in Miami-Dade’s competitive industrial market.
Sebastian Juncadella and Jose Juncadella of Fairchild Partners are marketing the project for lease on behalf of Seagis, which expects to deliver the property by the end of the year.
The landmark business park totals approximately 3.6 million square feet and is home to more than 350 companies.
Gian Rodriguez, Wayne Ramoski, and Skylar Stein of Cushman & Wakefield will oversee leasing efforts for both speculative and build-to-suit development on behalf of the developer and owner, Bridge Industrial.
The office park last sold in 1996 for $15,875,000.
Foundry and HighBrook purchased the property from a family business unit that had owned AIC for more than 20 years.
The city has grown rapidly in the past 15 years, so much so that when the numbers came into the Census Bureau in 2010 it actually surprised estimates. CLICK ON THE HEADLINE FOR MORE
CBRE’s Todd Weintraub represented the seller and the buyer in the transaction. CLICK ON THE HEADLINE FOR MORE