Bridge Point Riverbend, Ft. Lauderdale
PROPERTY TYPE
Industrial | Last-Mile Logistics
PROPERTY SIZE
221,627 square feet
PROPERTY OVERVIEW
ASB acquired the newly developed, Class A Bridge Point Riverbend industrial property in 2019. Acquired in 2019, Bridge Point Riverbend. The property is located in the Southeast Broward submarket of Fort Lauderdale. Since 2019, Southeast Broward has been one of Florida’s strongest industrial submarkets, recording over 10% of average annual rent growth. The Fort Lauderdale industrial market benefits from supply constraints and an increase in infill demand which has significantly pushed market rents.
The property is fully leased to Shipmonk, a fulfillment and inventory management servicer to e-commerce companies.
