Fort Lauderdale, FL – January 12, 2016 – CBRE has secured the listing to market a new showroom/warehouse development fronting I-95 in Fort Lauderdale. Chicago-based Bridge Development Partners is developing the project on 17.5 acres it recently acquired at 2200 West Sunrise Boulevard, the site of a defunct concrete pipe manufacturing plant dating back to the 1950s. Slated for delivery in Q4 2016, the development named “Bridge Point I-95 ” will feature 306,466 square feet of modern warehouse space in two buildings located on a highly trafficked and visible stretch of I-95. CBRE’s Tony Hoover is marketing the property on behalf of Bridge.
“Industrial product of this quality and size, with highway exposure, is rare in Broward County,“ said Mr. Hoover, who noted Broward County’s low industrial vacancy rate of 6.2% (Q4 2015). “These will be two sleek, new showroom-quality warehouse spaces appealing to tenants who desire immediate access to I-95 or need easy-to-find showroom space with exposure. Bridge is on the forefront of the industrial market, capturing exceptional sites like this one.”
Located on the southwest corner of Sunrise Boulevard and I-95, just a few miles from Fort Lauderdale-Hollywood International Airport and Port Everglades, Bridge Point I-95 will feature high cube heights of 32 feet, rear-dock loading and ESFR sprinklers. Approximately 302,000 cars pass the site each day. Each building is approximately 150,000 square feet and will cater to users of 10,000 square feet up to 306,466 square feet. For further details Mr. Hoover can be reached at 561-393-1619.
About Bridge Development Partners Bridge Development Partners, LLC (www.bridgedev.com) is a privately owned firm focused on the development and acquisition of industrial and office real estate in the Chicago, South Florida, Los Angeles and Northern New Jersey regions. Bridge develops investment-grade buildings and business parks, and acquires existing Class A and Class B properties that provide opportunities to add value. Since its inception in 2000, Bridge has successfully acquired and developed more than 9 million square feet of office and industrial buildings/projects valued at more than $850 million. In 2012, the company formed a strategic joint venture with Dallas-based Akard Street Partners, L.P., an investment partnership operated by Hunt Realty Investments, Inc.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.