Bridge Industrial Lands 1st Tenant at 2.6 MSF Miami-Area Project

Bridge Point Doral will total 2.6 million square feet. Image courtesy of Cushman & Wakefield

Bridge Industrial has signed its first tenant at Bridge Point Doral, a Class A master-planned industrial development that will total 2.6 million square feet in Doral, Fla. The tenant, a Fortune 50 food distributor, will occupy 131,411 square feet at the project’s Building 6—scheduled to be delivered in mid-2024.

Cushman & Wakefield is the exclusive leasing agent in charge of the development since July. The brokerage negotiated the lease on behalf of the landlord, while CRESA assisted the tenant. During the same period last year, the developer received approval from the City of Doral to break ground on the project.

Bridge Point Doral is a 175-acre industrial development within Miami’s Airport West submarket, rising at the corner of NW 107 Avenue and NW 41 Street. The future industrial campus will offer easy access to the Florida Turnpike and Interstate 75, as well as to Miami International Airport, located 10 miles away. Additionally, the project is 15 miles from Port Miami and 33 miles from Fort Lauderdale-Hollywood International Airport.

A phased industrial project

Phase 1 will total 1.2 million square feet and will include:

• The 366,528-square-foot Building 1 at 3600 NW 112 Ave., that will feature 126 loading doors and 313 vehicle parking spots;
• The 425,472-square-foot Building 2, that will include 122 loading doors, 393 vehicle parking spots, 135 trailer parking spots and will rise at 3605 NW 112 Ave.;
• The 276,359-square-foot Building 5, that will be at 3700 NW 107 Ave., and will feature 72 loading doors, 219 vehicle parking spots and 77 trailer parking spots;
• The 166,220-square-foot Building 6 at 3400 NW 107 Ave., that will include 42 loading spots, 116 vehicle parking spots and 49 trailer parking spots.

Common-area amenities of the industrial campus will include private truck courts, trailer drops, rear or cross-dock loading configuration, increased ceiling heights, along with retail and food options on site. The first buildings are scheduled for delivery in 2024. Phase 2 will add the 523,344-square-foot Building 3 and the 897,112-square-foot Building 4 to the ensemble.

Cushman & Wakefield’s team of Vice Chairman Wayne Ramoski, Managing Principal Gian Rodriguez, Senior Director Skylar Stein, and Broker Ivanna Leitner Perez negotiated on behalf of Bridge Industrial. CRESA’s Managing Principal Jeff Hartsook and Vice President Adam Talbot represented the tenant.

Recent industrial projects in the Miami metro

Other industrial projects in the metro include BX Park at Delray, a three-building industrial project that will total 672,533 square feet in Delray Beach, Fla. A joint venture between BBX Logistics Properties and PCCP LLC purchased the 40-acres site, with construction on the first phase expected to commence in early 2024.

In July, Summit Real Estate Group acquired a 224,650-square-foot distribution center in Pembroke Pines, Fla., where the new owner plans to build an additional 280,000-square-foot speculative building. Construction start is set for early 2024.