Bridge Industrial Expands National Footprint with Key Acquisitions in California, Florida, New Jersey, and Washington State

A robust pipeline of acquisitions and redevelopments is set to further fuel Bridge Industrial’s strategic growth in major markets across the country

Chicago, IL: Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager, recently announced acquisitions and redevelopment projects aimed at further strengthening the company’s presence in California, Florida, New Jersey, and Washington state. An active industrial real estate investor and developer, Bridge Industrial’s current focus is acquiring value-add, core plus, and development sites where it can leverage its expertise in complex transactions, expert site development, creative property solutions, and successful leasing. The firm is further planning for strategic growth in key markets, and have more deals set to close before years end.

Bridge Industrial’s recent acquisitions are located in thriving industrial markets that are challenged by a limited supply of developable land, coupled with a growing need for state-of-the-art industrial complexes that support local economic growth. The firm plans to leverage its expertise of skilled development and operational excellence to bring these markets sustainable industrial real estate that support the communities. These acquisitions include:

• Bridge Point Doral 826, located in Doral, FL, is a multi-tenant business park comprised of eight buildings totaling approximately 200,000 square feet. The property boasts roughly 900 linear feet of direct frontage onto the Palmetto Expressway (SR-826), one of the most travelled thoroughfares in South Florida. Ideally situated within South Florida’s Airport West industrial submarket, the area is known for its unparalleled access to key transportation arteries and logistics hubs. The location also benefits from nearby amenities such as restaurants, hotels, and proximity to Miami-Dade International Airport.
• Bridge Point Irvine, located in California’s bustling Orange County industrial market, is a 12.35-acre site featuring a 165,000 square foot, two-building vacant office campus that will be redeveloped for industrial use. Conveniently located in a well-maintained business park, this property will showcase Bridge Industrial’s innovative vision for converting unused office buildings into modern, efficient Class A industrial spaces. The firm plans to demolish the existing office buildings and redevelop the site into a 215,224 SF state-of-the-art industrial facility.
• Bridge Point Kent 304 in Seattle, Washington’s highly competitive Kent Valley industrial market marks Bridge’s first value-add fund acquisition in the area. The property features 303,840 square feet of building space situated on 15.2 acres.
• Bridge Point Piscataway, located in New Jersey’s Exit 10 submarket, one of the state’s most sought-after locations, is a newly constructed space that was completed in June 2024. Situated in one of the country’s top industrial markets, the 147,620 square foot building sits upon 12.84 acres of land. Bridge Industrial has experienced tremendous growth and successful leasing in the New Jersey area, and Bridge Point Piscataway will add to that, joining Bridge Point Belmont, Bridge Point Belleville, and Bridge Point 999, which the firm has successfully fully leased within the last +/- 120 days.

“Our firm is well positioned with an active pipeline of acquisitions and redevelopments. The momentum demonstrates our strength in delivering and operating best-in-class industrial real estate to fuel economic growth in the communities in which we operate,” said Steve Groetsema, Bridge Industrial’s Partner, Chief Operating Officer, Co-Chief Investment Officer. “Business needs are shifting, causing the industry to get creative about re-imagining the uses of existing industrial buildings. These strategic moves allow us to stay nimble and ahead of the curve to better serve our clients and our communities.”

“We are focused on identifying both value add and redevelopment opportunities in strategic, high barrier to entry markets that support the needs of surrounding communities. Our goal has been to secure real estate in crucial regions, transforming projects, and adding value,” explained Tom Harmon, Bridge Industrial’s VP of Transactions. 

About Bridge Industrial

Bridge Industrial transforms complex real estate opportunities into irreplaceable industrial assets. A privately-owned, vertically integrated real estate investor and developer, Bridge Industrial acquires and develops sites where it can leverage its expertise in complex transactions, skilled site development, creative property solutions, and successful leasing. Bridge seeks opportunities to develop and acquire Class A industrial facilities in high barrier to entry markets across the globe, that can meet the steady demand for last-mile and next-day delivery. The firm operates in Chicago, Miami, New Jersey, New York, Los Angeles, San Francisco, Seattle, and Europe. Since its inception in 2000, Bridge has successfully acquired and developed nearly 74 million square feet of industrial buildings.