Mon Sep 23 21:10:33 UTC 2024: ## Bridge Industrial Secures $53 Million for New Logistics Complex in Miami-Dade
**Miami, FL** – Bridge Industrial, a leading industrial real estate developer in South Florida, has secured a $53 million construction loan from CDPQ to redevelop the former headquarters of Ryder Systems in Medley. The project, dubbed Bridge Point Flagler Station, will transform the 16.8-acre site into a state-of-the-art logistics complex spanning 326,448 square feet.
The development will feature two modern warehouse buildings, offering a total of 84 dock doors, six drive-in doors, and over 340 parking spaces. The larger building, measuring 197,643 square feet, will cater to larger-scale operations, while the smaller 128,805-square-foot warehouse will serve smaller businesses. Both buildings will boast 36-foot clear ceiling heights, a shared 180-foot truck court, and designated office space.
Bridge Industrial has been highly active in South Florida’s industrial real estate market, having acquired over 740 acres in numerous transactions since 2012. This latest project is expected to be completed in the third quarter of 2025, adding significantly to the company’s growing portfolio of over 11 million square feet of industrial space in the region.
“This project is a testament to the continued demand for high-quality industrial space in South Florida,” said [Insert Relevant Quote from Bridge Industrial Representative]. “Bridge Point Flagler Station is strategically located near major transportation arteries and will provide businesses with access to a dynamic and growing market.”
The development of Bridge Point Flagler Station follows the sale of the former Ryder headquarters last year for $42.1 million. Ryder relocated to Coral Gables to accommodate its hybrid workforce. The new logistics complex is poised to become a major hub for businesses looking to establish a presence in the region.
First Piper 