The Real Deal Miami

Shipping firm takes 88K SF at Chicago developer’s project in Hialeah Gardens

Developer has gone on South Florida spec building spree in last few years

September 23, 2016 05:15PM

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Aerial view of Bridge Point Crossroads West (Inset: Bridge Development Partners Founders Ronald Frain and Steve Poulos)

Aerial view of Bridge Point Crossroads West (Inset: Bridge Development Partners Founders Ronald Frain and Steve Poulos)

Miami shipping firm PAS Cargo just filled up a big chunk of Bridge Development Partners’ spec industrial project in Hialeah Gardens.

The company is moving its headquarters from Doral to the newly opened Bridge Point Crossroads West project on the eastern side of Northwest 112th Avenue, where it’s just agreed to lease 88,364 square feet.

Pas, founded in 2002, specializes in transporting cargo within Latin America and the Caribbean. Its last lease was for roughly 85,000 square feet at the 1990s-era Doral Logistics Center.

The Bridge Point Crossroads West deal was announced by Cushman & Wakefield’s Wayne Ramoski and Gian Rodriguez, who are marketing the property on behalf of its developer. PAS was represented by Audley Bosch of Jones Lang LaSalle.

With PAS’s lease now in the bag, Bridge Development Partners has squared away tenants for more than 80 percent of its speculative project’s nearly 250,000 square feet. The first business to sign on was ACE Transport Miami, another shipping firm that took up 121,656 square feet.

The Chicago-based developer has gone on a spec industrial building spree in South Florida, launching 1.8 million square feet of projects within the last three years. In Hialeah Gardens, the firm is also building Bridge Point Crossroads East, a two-building project with 420,000 square feet, and Bridge Point Crossroads South, a single-building project with 255,000 square feet. — Sean Stewart-Muniz

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