{"id":1004169556,"date":"2017-03-17T08:31:20","date_gmt":"2017-03-17T16:31:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169556"},"modified":"2022-12-08T10:02:44","modified_gmt":"2022-12-08T18:02:44","slug":"bridge-development-sells-industrial-assets-in-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-development-sells-industrial-assets-in-miami\/","title":{"rendered":"Bridge Development Sells Industrial Assets in Miami"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>Miami<\/strong>\u2014Bridge Development Partners has completed the sale of two Class A industrial buildings: Bridge Point Davie at 3501 Burris Road in Davie, Fla., and Bridge Point Crossroads West at 10901 NW 46th St. in Hialeah Gardens, Fla. TA Realty purchased the assets for $53.7 million.<\/p>\n<div id=\"attachment_1004169559\" style=\"width: 381px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169559\" data-attachment-id=\"1004169559\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bridge-development-sells-industrial-assets-in-miami\/bridge-point-davie\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bridge Point Davie, 3501 Burris Road in Davie, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bridge Point Davie, 3501 Burris Road in Davie, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg?w=800\" class=\"wp-image-1004169559 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg\" alt=\"Bridge Point Davie, 3501 Burris Road in Davie, Fla.\" width=\"371\" height=\"278\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Bridge-Point-Davie.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 371px) 100vw, 371px\" \/><\/a><p id=\"caption-attachment-1004169559\" class=\"wp-caption-text\">Bridge Point Davie, 3501 Burris Road in Davie, Fla.<\/p><\/div>\n<p>CBRE&#8217;s Capital Markets team led by Chris Riley, vice chairman in Atlanta; Christian Lee, vice chairman in Miami and Jose Antonio Lobon, senior vice president in Miami, represented Bridge Development in the sale.<\/p>\n<p>Bridge Point Davie offers 145,800 square feet of space across a 9.75-acre site. With tenants such as Pet Supermarkets and Challenge Warehouse, the asset includes 32-foot clear ceiling heights, state-of-the-art ESFR fire suppression systems and leasing bay sizes of 12,150 square feet.<\/p>\n<p>Bridge Point Crossroads West is home to tenants such as Ace Transport and Pas Cargo within its 243,300-square-foot space. The building\u00a0features rear-load warehouse bays from 21,000 square feet, 32-foot clear ceiling heights, 54-foot column spacings, T-5 energy-efficient lighting, 120-foot truck courts and an ESFR fire sprinkler system.<\/p>\n<p>Since entering the South Florida market in 2012, the company\u00a0has delivered 1 million square feet of Class-A industrial space, with an additional 1 million square feet currently under construction and slated for completion\u00a0in early 2017.<\/p>\n<p>\u201cInstitutional owners remain bullish on South Florida,\u201d said Kevin Carroll, a principal of Bridge Development Partners\u2019 Miami office, in prepared remarks. \u201cFueling this demand is strong market fundamentals combined with limited purchase opportunities of well-located, investment-grade properties, such as Bridge Point Davie and Bridge Point Crossroads West.\u201d<\/p>\n<p><em>Image courtesy of\u00a0Bridge Development Partners <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has an additional 1 million square feet of industrial space under construction.<\/p>\n","protected":false},"author":746,"featured_media":1004169559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1492,21742],"tags":[34456,34457,32789,32822],"class_list":["post-1004169556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-miami","category-latest","tag-bridge-development-partners","tag-bridge-point-crossroads-west","tag-cbre","tag-ta-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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