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

0
670

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.

(adsbygoogle = window.adsbygoogle || []).push({});

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3 × 2 =

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.