Deal·Signal: Bullish (strong/10)

Bridge Industrial Secures $57M for Miami Office-to-Warehouse Conversion

1 sources

1 tier-1 · 1 tier-2

Mar 4

Bridge Industrial secured a \$56.7M loan to convert a Doral, FL office property into warehouses. Associated Bank provided the financing for the 16-acre site conversion.

Key Takeaways

1Bridge Industrial has successfully secured $56.7 million in debt financing from Associated Bank for an office-to-warehouse conversion project in Doral, Florida.
2This transaction highlights a trend of adaptive reuse, specifically targeting the conversion of underperforming office assets into high-demand industrial space.
3The 16-acre site is strategically located near Miami International Airport, enhancing the future utility and value of the resulting warehouse facility.

Executive Perspectives

“We are setting a new standard for how obsolete office parks and other underutilized properties can be reimagined in Miami-Dade.”

Kevin Carroll·Bridge Industrial·bullish

CRE Taxonomy

Macro Themeindustrial

ThemeGrowing demand for warehouse space drives office conversions

Property Typesmultifamilyofficeindustrial

MarketsMiami

Entity Map

Companies

Bridge Industrial

Investors

Associated Bank

Locations

MiamiDoral, FL

Coverage Timeline

First CoverageFeb 27, 2026, 7:35 PM

Peak CoverageMar 4, 2026, 10:03 AM

Steady

IndustrialIndustrial REIT PerformanceCold StorageLight IndustrialIndustrial FinancingIndustrial InvestmentsWarehouse & DistributionFlex & R&D

Sources

1 tracked

commercialobserver.com

tier3

Bridge Industrial Nabs $57M to Convert Old Miami-Dade Offices Into Warehouses – Commercial Observer

End of Intelligence Report · 1 Sources Verified