Portfolio News May 24, 2019 Elion Partners

Elion’s Industrial Logistics Asset Bridge Point Riverbend Sells for $38 Million

Bridge Point Riverbend

Elion Partners (“Elion”) announced today the sale of its industrial logistics asset Bridge Point Riverbend for $38.22 million to ASB Capital Management. The new 221,542-square-foot, state-of-the-art industrial building, located at the intersection of I-95 and Broward Boulevard in Fort Lauderdale completed construction in September 2018. ShipMonk, one of the fastest growing South Florida e-commerce companies, currently occupies 170,447 square feet of space.

Located at 201 NW 22nd Avenue, Bridge Point Riverbend features 32′ clear ceiling heights, rear-dock loading, ESFR sprinkler systems, and a 1.4/1,000 parking ratio. The strategically located facility offers easy access to South Florida’s major transportation arteries with immediate proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades, and just a short 30-minute drive to Miami.