Located at 10701 Northwest 140th Street, Bridge Point Crossroads South is a 255,846-square-foot building with the same features as Bridge Point Crossroads East except with a 120-foot non-shared, fenced truck court. The industrial properties serve as a strategic distribution point with immediate access to US 27, Florida's Turnpike, SR 826 and Interstate 75, servicing both Dade and Broward counties and their respective sea and airports.

All told, Bridge Development has completed the disposition of more than one million square feet of South Florida industrial properties in less than 60 days. Last month, Bridge sold two class A, industrial buildings totaling approximately 400,000 square feet: Bridge Point Davie located in South Broward County and Bridge Point Crossroads West located in Northwest Miami Dade County.

“While South Florida continues to experience an industrial boom, a limited supply of developable land presents a challenge,” says Carroll. “We've found success in leveraging our ability to dig into more complex land acquisitions and deliver international-class industrial product attractive to today's tenants and institutional owners alike.”

MIAMI—Bridge Development Partners sold three class A industrial buildings totaling 676,835 square feet—Bridge Point Crossroads East and South. The industrial assets are located in Hialeah Gardens, FL.

CBRE's Capital Markets team—including Chris Riley, vice chairman in Atlanta, Christian Lee, vice chairman in Miami, and José Antonio Lobón, senior vice president in Miami—represented Bridge Development in the sale. A major institutional owner acquired the industrial asset.

“Institutional owners continue to make moves to secure their place in the South Florida industrial market,” Kevin Carroll, a principal of Bridge Development Partners' Miami office, tells GlobeSt.com. “Investors have long recognized our international trade advantage as the gateway to Latin America, but shifting consumer preferences towards online shopping is driving an explosion in e-commerce that is fueling demand for well-located, distribution centers in densely populated areas to accommodate same or next-day delivery.”

Located at 15002 and 14802 Northwest 146th Street in Hialeah Gardens, Bridge Point Crossroads East consists of two industrial buildings totaling 420,989 square feet. Recently completed in the first quarter of 2017, the industrial buildings feature a secure180-foot shared truck court, 32-foot clear ceiling heights, 54-foot column spacing, build-to-suit offices, T–5 energy-efficient lighting, and an ESFR fire sprinkler system.

Located at 10701 Northwest 140th Street, Bridge Point Crossroads South is a 255,846-square-foot building with the same features as Bridge Point Crossroads East except with a 120-foot non-shared, fenced truck court. The industrial properties serve as a strategic distribution point with immediate access to US 27, Florida's Turnpike, SR 826 and Interstate 75, servicing both Dade and Broward counties and their respective sea and airports.

All told, Bridge Development has completed the disposition of more than one million square feet of South Florida industrial properties in less than 60 days. Last month, Bridge sold two class A, industrial buildings totaling approximately 400,000 square feet: Bridge Point Davie located in South Broward County and Bridge Point Crossroads West located in Northwest Miami Dade County.

“While South Florida continues to experience an industrial boom, a limited supply of developable land presents a challenge,” says Carroll. “We've found success in leveraging our ability to dig into more complex land acquisitions and deliver international-class industrial product attractive to today's tenants and institutional owners alike.”