Berger Commercial Realty Negotiates 113,000 SF Lease With Shipmonk On Behalf Of Bridge Development Partners
Bridge Industrial (“Bridge”), a privately-owned, vertically integrated real estate operating company and investment manager, today announced it has inked a new lease at Bridge Point 595 in Davie, Fla. ShipMonk, Inc., a leading provider of e-commerce fulfillment and technology solutions, has signed a long-term lease agreement to occupy 113,360 square feet in Building 1 of the three building, 677,314-square-foot industrial park delivered earlier this year.
“We are delighted to once again work with the ShipMonk team and welcome them to the tenant mix at Bridge Point 595,” said Kevin Carroll, Partner, Southeast Region of Bridge Industrial.
Aaron Hirschl, Vice President of Bridge added, “ShipMonk recognized the value Bridge Point 595 offers—a brand new modern industrial facility with a highly accessible location, two minutes from I-95 and the Florida Turnpike. We are pleased to have been able to meet all of their requirements.”
Berger Commercial Realty/CORFAC International’s Senior Vice Presidents Joseph P. Byrnes and Keith R. Graves, CCIM and Senior Sales Associate John Forman represented the landlord in the transaction. Mitchell Millowitz, Executive Managing Director with Newmark represented the tenant, ShipMonk, one of South Florida’s fastest growing tech startups.
“The tenant was attracted to this facility because of its superior location, access to major highways throughout South Florida, and the proximity to its existing facility,” explained Byrnes. “They currently lease all of Riverbend, a Bridge Industrial development at Broward and I-95. Bridge Industrial develops their projects with best-in-class amenities and features, which is very appealing to the quality tenants that occupy their facilities. Bridge Point 595 is the first and last mile to everywhere.”
Bridge Point 595 is already home to K&K Transfer, a full-service moving, delivery, storage and warehousing company, which signed a long-term lease agreement earlier this year to occupy 34,467 square feet.
Bridge Point 595 features three Class-A industrial buildings. Buildings 1 and 2 will each total 290,295 square feet and Building 3 will total 96,724 square feet. The three buildings will feature 32’ clear ceiling heights, dock-high loading, ESFR sprinkler systems, a 1.04/1,000 parking ratio, 54’ column spacing and 60’ speed bays. The rear-load facilities are located minutes from 595, I-95 and Florida’s Turnpike, offering easy access to South Florida’s major transportation arteries. The park also offers easy connections to South Florida’s busiest air and seaports, including Fort Lauderdale – Hollywood International Airport and Port Everglades, Port Miami and Miami International Airport.
Bridge is one of South Florida’s most active industrial real estate developers. The company has acquired approximately 500 acres in 16 separate transactions throughout Miami Dade and Broward Counties and delivered approximately 7 million square feet of Class-A industrial space across the region since entering the market in 2012. The company’s current South Florida portfolio spans more than 5 million square feet of company-owned and third-party managed properties.
ShipMonk was originally launched out of Florida Atlantic University’s Tech Runway in 2014 by 30-year-old entrepreneur Jan Bednar. Today, the company has more than 1,000 employees across facilities in Fort Lauderdale, FL, Pittston, PA, Los Angeles, CA, and Prague, Czech Republic.
For more information about Bridge Point 595 or to schedule a tour, contact the Berger industrial team of John Forman and Senior Vice Presidents Joseph Byrnes and Keith Graves at (954) 358-0900
About Bridge Industrial
Bridge Industrial (www.bridgeindustrial.com) is a privately-owned, vertically integrated real estate operating company and investment manager that focuses on the acquisition and development of Class A industrial real estate in the supply constrained core industrial markets of Chicago, Miami, New Jersey/New York, Los Angeles/San Francisco, Seattle, and London. Since its inception in 2000, Bridge has successfully acquired and developed more than 51 million square feet of industrial buildings/projects valued at more than $8.3 billion.
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.
