Bridge Industrial Secures $60M Construction Loan For Bridge Point Gratigny In Opa-Locka

Bridge Industrial has obtained a $60 million construction loan from Equitable Financial Life Insurance Co. for the development of Bridge Point Gratigny, a 409,189-square-foot logistics warehouse facility in Opa-Locka, near Miami Opa-Locka Executive Airport. This development site spans across 26 acres and aims to cater to the growing demand for modern industrial space in South Florida.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $60,000,000
• Address: 4700 Northwest 135th Street, Opa-Locka
• Market: Opa-Locka
• Asset Type: Development Site
• Building Square Footage: 409,189

The loan was provided by Equitable Financial Life Insurance Co., while Bridge Industrial, represented by Steve Poulos and Kevin Carroll, serves as the landlord for the project. Steve Roth, a broker from CBRE, facilitated the transaction. The construction loan will enable Bridge Industrial to complete the development of the Bridge Point Gratigny logistics warehouse by the third quarter of 2024.