Bridge Industrial secured a $53 million construction loan to finance the redevelopment of Ryder System’s former headquarters into Bridge Point Flagler Station, a Class-A, industrial real estate complex located in Miami.
CDPQ provided the $53 million loan, which was secured by CBRE’s Debt & Structured Finance team, led by Steve Roth and Bill Jurjovec. The loan will finance the redevelopment of the 16.8-acre site at 11690 N.W. 105th Street into Bridge Point Flagler Station, a 326,448-square-foot logistics complex. The project is slated for delivery in the third quarter of 2025.
Bridge Point Flagler Station offers Class-A industrial space with ample on-site amenities, including a hotel, daycare, fitness center, and restaurants. This new logistics complex will feature two industrial buildings: Building 1 spans 128,805 square feet and includes 40 dock docks, two drive-in doors, 142 car parking spaces, and office space. Building 2 spans 197,643 square feet and includes 44 dock doors, two drive-in doors, 198 car parking spaces, and office space.
