The industrial property at 3900 NW 215th St in Miami Gardens, FL is undergoing development for the Bridge Point Commerce Center project. The property spans 186 acres and was acquired by Bridge Development Partners for $28.2 million. The first phase of the project, covering 1.1 million square feet, includes three buildings with different square footage and ceiling heights, set to be completed by the second quarter of 2019.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $75,000,000.00
• Address: 3900 NW 215th St, Miami Gardens, FL
• Borrower: Bridge Development Partners
• Lender: Hartford Investment Management Co
• Borrower's Rep: Steve Roth (CBRE)

Bridge Development Partners secured a $75 million construction loan for the Bridge Point Commerce Center project, with Hartford Investment Management Co acting as the lender. Steve Roth from CBRE represented the borrower in the transaction. The development project in Miami Gardens is one of three industrial projects planned by Bridge Development Partners in South Florida, totaling over 1.75 million square feet.