Bridge Development Lands $78M Financing for Miami Industrial Park
Bridge Development Partners has secured $78.2 million in financing for the development of Bridge Point AVE, a three-building, 589,887-square-foot industrial business park at Miami-Opa Locka Executive Airport.
The park is currently more than 72% preleased and is slated to be delivered in the third quarter of 2021. Bridge acquired the 50-acre development site in late 2019. The property is located within the master-planned AVE, Aviation and Commerce Centre. Building 1 at the park will be located at 5590 NW 145th St. Building 2 will be located at 14150 NW 56th Court and Building 3 will be located at 14250 Aviation Drive.
Steve Roth of CBRE arranged the financing through lender Canadian Imperial Bank of Commerce.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.