Developers secure $67 million in construction financing for Hialeah cold storage building


A joint venture between Bridge Development Partners from Chicago and PGIM Real Estate has secured $67 million in construction financing for Bridge Point Cold Logistics Center in Hialeah.

The 312,103-sq. ft. structure will be situated on 20.8 acres at NW 162nd St. and NW 102nd Ave., about 20 miles northwest of PortMiami, REBusinessonline reports.

The Bridge-PGIM joint venture plans to break ground on the project this month for delivery in late 2021.

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Bridge Development says Bridge Point Cold Logistics Center will be the first cold storage facility built on a speculative basis in South Florida. The project is also the first cold storage project between Bridge and PGIM, which launched a $150 million program last year for the development and redevelopment of cold storage facilities nationwide, REBusiness says.


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