Bridge Development Partners announced the $10.4 million acquisition of a 12-acre industrial site located at the intersection of I-95 and Broward Boulevard in Fort Lauderdale. The company will break ground next month on Bridge Point Riverbend, a modern, 221,542-square-foot industrial building scheduled to be completed in the third quarter of 2018.
“This is an attractive acquisition and development opportunity,” said Kevin Carroll, a principal of Bridge Development Partners. “We look forward to delivering another Class-A industrial project in the Fort Lauderdale market, where strong demand for well-located, high-quality industrial assets remains high.”
Since entering the South Florida market in 2012, Bridge Development has delivered approximately 2 million square feet of Class-A industrial space.
Located at 2201 West Broward Boulevard, Bridge Point Riverbend will feature 32’ clear ceiling heights, rear-dock loading, ESFR sprinkler systems, a 1.4/1,000 parking ratio and the flexibility to accommodate tenants from 40,000 square feet.
Larry W. Genet is a Senior Vice President in the CBRE, Inc. Miami, FL office. As part of the CBRE platform Mr. Genet can provide a wide range of services from local to Fortune 1000 clients including agency and tenant representation, asset or portfolio management, high level logistics, labor and data analytics prior to site selection, project/construction management, capital markets, owner user sales and valuation advisory services. CBRE is the global leader for real estate services worldwide.
Larry has extensive experience in landlord agency, tenant representation, acquisitions, dispositions and property management. As a third-generation commercial real estate professional and South Florida native, Larry boasts deep community ties, an intimate knowledge of the South Florida market and numerous professional contacts. Larry’s leasing expertise of industrial, office, land, retail and medical properties coupled with his experience in acquisitions and dispositions gives him the ability to represent a myriad of clients in the South Florida market. Additionally, Larry controls a portfolio of 13.5 million square feet allowing him to see every deal in the market. This ensures his clients never miss an opportunity. His knowledge of tenants and buyers in the market is top notch and when coupled with his team's vast portfolio, it's a winning combination.
