Berger Commercial Realty/Corfac International Senior Vice Presidents Keith R. Graves, CCIM and Joseph P. Byrnes, along with John Forman, negotiated a new 63-month lease deal for 176,947 square feet at Bridge Point 595, a Class A industrial distribution facility located at 2700 Bridge Way in Davie, Florida.
The tenant, South Bend, IN-based The Tire Rack, Inc., is a customer-direct tire, wheels, car accessories distributor. The company has over 2.7 million square feet of distribution center space across the country packed with inventory from 26 major tire and 60 wheel brands ready to deliver by the next day in most cases, according to the company’s website.
Graves and Byrnes represented the landlord, Bridge 595, LLC, in the deal. Dave Veldman with Veldman & Morgan represented the tenant.
The lease deal comes on the heels of 96,728-square-foot lease deal, which the Berger Commercial Team negotiated earlier this month.
Bridge Point 595 is already home to Shipmonk, a multichannel order fulfillment services and inventory management software that enables companies to focus on achieving scalable growth, which occupies113,360 square feet, Vessel FL Operations, LLC. (Reef Technology), the largest operator of mobility, logistics hubs, and neighborhood kitchens in the United States, Canada, and has a growing presence in Europe, which signed on for ±47,316 square foot lease, and 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 totaling 676,885 square feet, which is now 70% occupied. The three buildings within the park 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 Industrial 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 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.
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.