CBRE’s O’Loughlin, Genet and Oretsky Bring Prologis’ South Broward Portfolio To 100% Occupied
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
Prologis has approximately 2,855,360 square feet in Southern Broward County. This final deal brings the park to 100% occupancy and reporting record rents.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
The tenant, a major wholesaler and distributor of Asian food products, will be relocating and expanding from its current location at 1728 Park Central Blvd S. in Pompano Beach, where it currently occupies 32,954 square feet.
“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.”
Lee & Associates South Florida President Matthew Rotolante and Vice President Conner Milford represented tenants in the deals.
This is the third acquisition IOV has made in Florida in the last 24 months.
The site is DRC approved for a state-of-the-art, 97-stall truck parking lot featuring a 53’ semi turning radius.
This newest lease brings Bridge Point Commerce Center Phase I, totaling 1.1 million square feet of Class-A industrial space, to 97 percent leased.
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
Bridge Industrial had the property rezoned and subsequently built two Class A industrial Building for a total of ±174,129 SF.
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