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.”