Bridge Development Partners Sells Off Newly Completed Industrial Property
Bridge Development Partners sold a recently completed industrial building in Dania Beach for $22.375 million.
Bridge Marina Mile, an affiliate of the Chicago-based developer, sold the property at 3400 S.W. 30th Ave. to MSG Marina Mile, an Aventura-based company managed by Saul Gilinski.
The 189,620-square-foot Bridge Point Marina Mile was finished this year.
The developer bought the 12.3-acre site out of foreclosure for $6.75 million in 2013 and obtained a $12.3 million construction loan from Regions Bank. It’s located just south of Interstate 595.
The price equates to $118 per square foot.
Gilinski has a history with Bridge Development. In 2014 he bought Bridge Point-Port 95 in Dania Beach after it was completed earlier that year.
Source: SFBJ
————————-
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning. Just follow the instructions below.
-------------------------
Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning. CLICK HERE TO SUBSCRIBE TODAY!
