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4700 Northwest 135th Street
FINANCED

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

4700 Northwest 135th Street

Development Site
clock iconFinanced 245 days ago
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Summary

Loan
FLORIDA
Development Site

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.

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Steve Roth
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Vice Chairman
$100M Sold

Details

Deal Summary
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FINANCED
IMAGE: Kevin Carroll, Steve Poulos & Steve Roth DATE: 09/27/2023 ADDRESS: 4700 Northwest 135th Street MARKET: Opa-Locka ASSET TYPE: Development Site ~ BSF: 409,189 ~ ACRES: 26 LENDER: Equitable Financial Life Insurance Co. LANDLORD: Bridge Industrial - Steve Poulos & Kevin Carroll BROKER: Steve Roth - CBRE (@Cbre) LOAN AMOUNT: $60,000,000 LOAN TYPE: Construction Loan NOTE: Bridge Industrial has obtained a $60 million construction loan from Equitable Financial Life Insurance Co. to build a 409,189-square-foot logistics warehouse facility in Opa-Locka, near Miami Opa-Locka Executive Airport. The project, Bridge Point Gratigny, is set to be completed in Q3 2024 and will offer modern industrial space to meet local demand in South Florida.

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Address4700 Northwest 135th Street

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