Bridge Industrial Secures $53M Construction Loan For Redevelopment Of Ryder Headquarters Into Bridge Point Flagler Station
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
Bridge is on track to deliver the LEED-certified 326,000-square-foot logistics complex in the third quarter of 2025.
Bridge Point Gratigny will be a 409,000-square-foot+ logistics facility featuring in-demand tenant amenities, including 100+ secured, on-site trailer parking.
Phase I of the highly successful logistics park totals 1.1 MSF and is fully leased; Phase II totals 1.6 MSF of Class-A industrial space and will be delivered in 3Q 2023.
“Modern, last-mile logistics centers like Bridge Point Commerce Center continue to outperform the market,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial. “We are pleased to have been able to take advantage of historically low interest rates and lock into an extremely attractive fixed rate.”
The three-building, nearly 600,000-square-foot Class-A industrial park is 72% preleased and on schedule to be delivered in the third quarter of 2021.
With financing in place, the joint venture moves forward with the region’s first-ever cold storage project to be delivered on a speculative basis. CLICK ON THE HEADLINE FOR MORE
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