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Bridge Point Cold Logistics Center, a cold storage warehouse in Hialeah, sold for $113 million.
A partnership between PGIM Real Estate and Bridge Industrial, sold the 312,103-square-foot freezer warehouse at 3995 W. 108th Street to Boxer US Inc., an industrial development venture of Spanish billionaire Amancio Ortega. The price equated to $362 per square foot. The full building was leased to FreezPak, a third-party food logistics company.
Bridge Industrial and PGIM built the warehouse on the 20-acre site in late 2022. The joint venture launched a $150 million national cold-storage investment program in 2021, targeting $400 million in assets.
This is said to be one of the most advanced refrigerated warehouses in South Florida, with the capability to store goods at 55 to negative-10 degrees.
Commercial Walk In Freezer Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.