{"id":1004519425,"date":"2021-03-31T05:27:58","date_gmt":"2021-03-31T13:27:58","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004519425"},"modified":"2022-04-19T00:37:56","modified_gmt":"2022-04-19T08:37:56","slug":"bridge-development-lands-new-tenant-at-miami-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-development-lands-new-tenant-at-miami-industrial-park\/","title":{"rendered":"Bridge Development Lands New Tenant at Miami Industrial Park"},"content":{"rendered":"<div id=\"attachment_1004519428\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/1027751-1.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004519428\" loading=\"lazy\" class=\"wp-image-1004519428 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/1027751.jpg\" alt=\"\" width=\"300\" height=\"240\"><\/a><p id=\"caption-attachment-1004519428\" class=\"wp-caption-text\">Bridge Point Commerce Center, Building C<\/p><\/div>\n<p>CITY Furniture has committed to a 286,991-square-foot, full-building lease at Bridge Point Commerce Center in Miami Gardens, Fla. The agreement brings Bridge Development Partners\u2019 1.1 million-square-foot, three-building Phase I to 80 percent occupancy.<\/p>\n<p>Delivered in two separate phases, with final completion set for early 2023, Bridge Point Commerce Center is expected to encompass a total of 2.6 million square feet. The new tenant, one of the largest home furnishing retailers in the state, will occupy Building C and will utilize the space as a distribution center. The park\u2019s roster also includes Florida-based grocery retailer HapCor.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/vacancy-drives-industrial-pricing-surge\/\">Vacancy Drives Industrial Pricing Surge<\/a><\/p>\n<hr>\n<p>Located at 4310 N.W. 215th St., on a 185-acre site between Miami-Dade and Broward counties, the distribution center along the Florida Turnpike is equidistant from Miami and Fort Lauderdale international airports, while Downtown Miami is 18 miles south.<\/p>\n<p>CBRE\u2019s Tom O\u2019Loughlin, David Albert, Devin White and Larry Genet arranged the deal on behalf of the landlord, while Smith Moses Morris &amp; Associates Real Estate Inc.\u2019s Wes Shelton and Daniel Smith represented the furniture company.<\/p>\n<h2>Investing in South Florida<\/h2>\n<p>Delivered last January, Phase I includes two 286,991-square-foot warehouses with 32-foot clear heights, as well as a third, 534,816-square-foot cross-dock facility with 36-foot clear heights. Currently under construction, the second phase will add another 1.5 million square feet to the park, divided equally across two buildings with 36-foot heights.<\/p>\n<p>Since entering the Florida industrial market in 2012, Chicago-based Bridge has picked up nearly 500 acres across the Miami Dade and Broward counties and completed some 7 million square feet of Class A industrial space in the region. Dubbed Bridge Point 595, the company\u2019s 677,310-square-foot, three-building project in Broward County was <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-florida-markets-for-industrial-development\/\">the largest industrial development under construction<\/a> in the Fort Lauderdale, Fla., market as of the end of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A furniture retailer will occupy an entire building at the 2.6 million-square-foot development.<\/p>\n","protected":false},"author":739,"featured_media":1004528682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,1492,21742],"tags":[34456,32789],"class_list":["post-1004519425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-miami","category-latest","tag-bridge-development-partners","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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