Bridge lands $57M construction loan for Doral office-to-industrial redev
Bridge Industrial scored a $56.7 million construction loan to redevelop a Doral corporate campus into warehouses. The deal comes as South Florida developers are seizing on suburban office complexes with plans to redevelop the sites. Aging offices in the western part of South Florida have struggled due to remote work and from the competition created by coastal areas with newer office stock. Chicago-based Bridge plans to redevelop the 16-acre site at 7775 Northwest 48th Street with a pair of warehouses spanning a combined 268,700 square feet, according to records. The firm recorded a notice of construction commencement. Associated Bank provided […]This article originally appeared on The Real Deal. Click here to read the full story.
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