Bridge Point Miramar Bridge Point Miramar industrial facility at 15501 SW 29th St. Courtesy Photo

An aviation parts repair company moved its Miramar facility to a space nearly three times as big at Bridge Point Miramar.

Aero Accessories & Repair Inc. leased 75,955 square feet at the Bridge Point industrial building at 15501 SW 29th St. northwest of Interstate 75 and Miramar Parkway. Terms of the lease were not available.

Aero Accessories repairs fuel, hydraulics, pneumatic, electro-mechanical and avionics components used on Boeing, Airbus and military aircraft. It's using its Bridge Point facility, a replacement for its 28,000-square-foot location in Miramar, for manufacturing, testing and distribution.

Building owner and lessor Bridge Development Partners LLC, based in Chicago, is one of the most prolific players in South Florida industrial real estate focusing on developing new facilities.

Bridge acquired Bridge Point Miramar for $38 million last February in the company's first value-add investment in South Florida.

Sherm Realty Corp., an affiliate of Canadian pharmaceuticals manufacturer Apotex Corp., was the seller.

The 304,428-square-foot Bridge Point Miramar has 32-foot clearing heights, and the 20-acre site has 379 parking spaces.

Bridge Point Miramar is a distribution facility totaling 304,428 square feet with a 130-foot truck court, 46 dock-high doors, two ramp doors, a high-end fire safety system and LED lighting.

Bridge invested millions of dollars in renovations and upgrades.

"We have further increased the value of this well-positioned project by adding such a high-quality tenant and are well on our way to filling up the balance of the building this year," Kevin Carroll, Bridge partner for the Southeast region, said in an emailed statement.

The other tenant is Kellstrom Defense Aerospace Inc., an aviation distribution, repair and engineering company.

Bridge Point Miramar still has 152,573 square feet of space available.

Cushman & Wakefield South Florida industrial director Matthew McAllister as well as executive directors Chris Metzger, Richard Etner Jr. and Christopher Thomson negotiated the lease on behalf of Bridge Development. All are based in Boca Raton except Thomson who is in West Palm Beach.

Some of Bridge Development's former South Florida projects are Pompano Beach's Bridge Point Powerline Road industrial park, which Bridge sold last October for $69 million shortly after completing it, and Fort Lauderdale's Bridge Point Riverbend, which Bridge sold last May for $38.2 million.

Bridge is working on the three-building, 677,314-square-foot Bridge Point 595 at 5600 Reese Road in Davie on acreage bought from the Formans, a Broward County pioneer family.

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