Bridge Development Secures Loan for Another Spec Industrial Project in Fort Lauderdale

Bridge Development Partners secured the financing for another speculative industrial project in Fort Lauderdale.

The Chicago-based developer scored a $13.5 million construction loan to develop its Bridge Point FLL Logistics Center, which when complete will span two buildings and 174,129 square feet.

Wells Fargo provided the financing. CBRE’s Steve Roth advised on the deal, according to a statement. Bridge Development paid $5.65 million for the shuttered, 10.2-acre school site in June. The Broward County school board was the seller.

//therealdeal.com