Colliers Senior Vice President Lauren Pace represented the tenant, Badcock Economy Furniture Store, Inc., in negotiating the renewals. The deals mark Pace’s first large tenant-rep transaction since joining the firm in late 2022.
Matthew McAllister and Chris Metzger of Cushman & Wakefield represented the landlord.
Before joining Colliers, Pace served as a Senior Leasing Representative for Duke Realty.
Bridge Point Gratigny will be a 409,000 SF+ logistics facility featuring in-demand tenant amenities, including 100+ secured, on-site trailer parking.
The property features a newly renovated, 14,056-square-foot warehouse with 12 drive-in doors, situated on an oversized lot with substantial frontage on Okeechobee (Route 27).
Both buildings total 71,682 square feet and are situated on 2.62 acres of land.
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
The company announced the start of the 501,224-square-foot speculative development at 10300 NW 121st Way in Medley in May 2021. The building is now 100 percent leased.
The building is still under construction and scheduled for completion in September 2021.
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