trending Market Intelligence /marketintelligence/en/news-insights/trending/Otfeeri1_oLbcNBZu3qYaA2 content esgSubNav
In This List

Bridge Development JV buys business park in Opa-locka, Fla., for $126M

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Bridge Development JV buys business park in Opa-locka, Fla., for $126M

A joint venture between Bridge Development Partners LLC and BentallGreenOak purchased the majority of Ave Aviation & Commerce Center in Opa-locka, Fla., for $126 million, the South Florida Business Journal reported.

The 100%-occupied business park at 14350 NW 56th Court sits on land leased from Miami-Dade County. A company led by Ernesto Cambo of CPF Investment Group sold an assignment of lease to the joint venture.

The deal covers roughly 50 acres, including a 478,000-square-foot USPS distribution facility, a car sales lot for Off Lease Only, and three industrial buildings encompassing 470,000 square feet, according to the report. The property sold contains rights to an additional 1 million square feet of industrial- and aviation-related development.