15 Acres of Broward Industrially Zoned Land Trades

MIAMI—With industrial getting hotter in South Florida, developers are venturing beyond Miami's borders looking for raw land. Bridge Development Partners just found some in Dania, a suburb of Fort Lauderdale, FL.

Bridge has snapped up a 15-acre plot of industrially zoned land in Port 95 Commerce Park. The sale price was $7.5 million. The property is site planned approved for about 232,000 square feet of warehouse distribution buildings and offers flexible IROM zoning in the City of Dania Beach.

Sky Groden, executive director of Cushman & Wakefield's Industrial Brokerage for South Florida, along with partners Christopher Metzger, Rick Etner, and Christopher Thomson, represented the buyer in the deal. The seller was represented internally.

“The project underscores the growing strength of the local industrial market in South Florida,” says Groden. “The class A industrial product is also a great opportunity for Bridge Development, and their partner Hunt Realty Investments Inc., with their first foray in this market.”

Bridge plans to break ground a new industrial development during the third quarter. Port 95 is one of the premier industrial projects in Broward County, with strategic access to all of the major roadway arteries as well as immediate access to Fort Lauderdale/Hollywood International Airport and Port Everglades. Once completed, the industrial buildings will offer dock high loading, 32-foot clear ceiling height, and loading designed to accommodate high truck traffic.

Steve Poulos, principal with Chicago-based Bridge, says his firm is working with CushWake to market the properties for lease and/or sale. “We are positioned in the market to fill an important need for new construction,” he says, “as industrial space in Florida is absorbed at a rapid rate.”